discussion of the rationale for decentralization, the paper describes the main structural and economic developments in China in …

This paper examines possible segmentation of the internal capital market in China. We employ two standard tools from … similar (and somewhat surprising) picture: capital mobility within China is low! Furthermore, the degree of internal financial …

This paper studies the relationship between economic growth and financial development in China during the post-1978 … find that while a positive correlation between growth and financial intermediation exists in China, the association is more … apparent than real. The nonstate sector, which contributed most to China''s remarkable growth during this period, did not use …

The paper assesses the changing nature of the relations between the provinces and the central government in China …

Recent changes to China''s financial system, in particular ongoing interest rate liberalization, gradual movement …

From 1995 to 2005, the average urban household saving rate in China rose by 7 percentage points, to 1⁄4 of disposable …

explaining China''s and India''s growth. Specific financial sector policies are shown to map well the size and changes in the … investment wedge. In the case of China, nonperforming loans, borrowing constraints, and uncertainty over changes in government … rebalancing growth in China and sustaining high investment rate in India, further financial sector reforms could turn out to be …