fifth feature in China's economic reform. If monetization is taken to mean a process through which variations in money … evidence of such a process in China between the late 1970s and early 1990s …

Monetization has been argued as the fifth feature in China's economic reform in addition to privatization … China. By constructing four causality relationships between interest rate and savings, money and inflation, interest rate … and a restoration in the functions of money since the late 1970s in China …