English Abstract: In recent years, the spectacular expansion of China's shadow banking attracts broad attention from … both academia and policy makers. Beyond traditional on-balance sheet bank loans and bond investment, how did shadow banking … enterprises. Financing needs of these two types of enterprises are the essential driving factor of shadow banking growth …

English Abstract: This article provides an analysis of why China should follow the OECD model of active social policy … best of them. It argues that China's post-Mao social policy has placed socially vulnerable groups in the position of … suggests that there is a need for China to develop an active social policy with a focus of strengthening social participation …