Collected here for the first time in English, this comprehensive book, written by an experienced insider privy to the inner workings of China's vigorous financial reforms, examines China's most important markets (money, bonds, foreign exchange, and stock) and the policies that regulate them.
China's financial reforms have undergone a large-scale transformation over the past several years. This book aims to outline the structure and current features of China's monetary policy, drawing upon the author's years of experience working within the People's Bank of China and insider's view of the decision-making process.
China's financial reforms have undergone a large-scale transformation over the past several years. This book aims to outline the structure and current features of China's monetary policy, drawing upon the author's years of experience working within the People's Bank of China and insider's view of the decision-making process.
A comprehensive, in-depth, and authoritative guide to China's financial system The Chinese economy is one of the most important in the world, and its success is driven in large part by its financial system. Though closely scrutinized, this system is poorly understood and vastly different than those in the West. The Handbook of China’s Financial System will serve as a standard reference guide and invaluable resource to the workings of this critical institution. The handbook looks in depth at the central aspects of the system, including banking, bonds, the stock market, asset management, the pension system, and financial technology. Each chapter is written by leading experts in the field, and the contributors represent a unique mix of scholars and policymakers, many with firsthand knowledge of setting and carrying out Chinese financial policy. The first authoritative volume on China’s financial system, this handbook sheds new light on how it developed, how it works, and the prospects and direction of significant reforms to come. Contributors include Franklin Allen, Marlene Amstad, Kaiji Chen, Tuo Deng, Hanming Fang, Jin Feng, Tingting Ge, Kai Guo, Zhiguo He, Yiping Huang, Zhaojun Huang, Ningxin Jiang, Wenxi Jiang, Chang Liu, Jun Ma, Yanliang Mao, Fan Qi, Jun Qian, Chenyu Shan, Guofeng Sun, Xuan Tian, Chu Wang, Cong Wang, Tao Wang, Wei Xiong, Yi Xiong, Tao Zha, Bohui Zhang, Tianyu Zhang, Zhiwei Zhang, Ye Zhao, and Julie Lei Zhu.
China's financial reforms have undergone a large-scale transformation over the past several years. This book aims to outline the structure and current features of China's monetary policy, drawing upon the author's years of experience working within the People's Bank of China and insider's view of the decision-making process.
Collected here for the first time in English, this comprehensive book, written by an experienced insider privy to the inner workings of China's vigorous financial reforms, examines China's most important markets (money, bonds, foreign exchange, and stock) and the policies that regulate them.
This book launches an ambitious reexamination of the elite politics behind one of the most remarkable transformations in the late twentieth century. As the first part of a new interpretation of the evolution of Chinese politics during the years 1972-82, it provides a detailed study of the end of the Maoist era, demonstrating Mao's continuing dominance even as his ability to control events ebbed away. The tensions within the "gang of four," the different treatment of Zhou Enlai and Deng Xiaoping, and the largely unexamined role of younger radicals are analyzed to reveal a view of the dynamic of elite politics that is at odds with accepted scholarship. The authors draw upon newly available documentary sources and extensive interviews with Chinese participants and historians to develop their challenging interpretation of one of the most poorly understood periods in the history of the People's Republic of China.
Dan Ling, a patriotic young engineer eager to help build a new China, falls afoul of the authorities and spends 17 years as a political prisoner. Rehabilitated after Deng Xiaoping came to power, Dan returns to work with unflagging determination to help provide a good life for himself and his people after enduring prison, work camps and work farms, and the primitive life of the social outcast breaking new ground on the frozen northern frontier. Lings personal story is interwoven with glimpses of rural and urban life from the 1950s to the 1970s as China fought to make the wrenching leap from a feudalistic to a modern society. Ancient practices alternate with breath-taking and misguided experimentation as the common man is called upon to stride boldly into the unknown but no doubt glorious future. Scenes of naivety, brutality, generosity and pettiness, personal bonds and vendettas, illustrate how peasants, workers and intellectuals survived in the evolving Communist system. This is an expose written without rancor, and a heartening story of faith in man's ability to progress.
The decollectivization of Chinese agriculture in the early post-Mao period is widely recognized as a critical part of the overall reform program. But the political process leading to this outcome is poorly understood. A number of approaches have dominated the existing literature: 1) a power/policy struggle between Hua Guofeng’s alleged neo-Maoists and Deng Xiaoping’s reform coalition; 2) the power of the peasants; and 3) the leading role of provincial reformers. The first has no validity, while second and third must be viewed through more complex lenses. This study provides a new interpretation challenging conventional wisdom. Its key finding is that a game changer emerged in spring 1980 at the time Deng replaced Hua as CCP leader, but the significant change in policy was not a product of any clash between these two leaders. Instead, Deng endorsed Zhao Ziyang’s policy initiative that shifted emphasis away from Hua’s pro-peasant policy of increased resources to the countryside, to a pro-state policy that reduced the rural burden on national coffers. To replace the financial resources, policy measures including household farming were implemented with considerable provincial variations. The major unexpected production increases in 1982 confirmed the arrival of decollectivization as the template on the ground. The dynamics of this policy change has never been adequately explained. Paradoxes of Post-Mao Rural Reform offers a deep empirical study of critical developments involving politics from the highest levels in Beijing to China’s villages, and in the process challenges many broader accepted interpretations of the politics of reform. It is essential reading for students and scholars of contemporary Chinese political history.
This proceedings contains papers presented at the 5th International Conference on Applied Electrostatics held in Shanghai, China on November 2--5,2004. The ICAES 2004 Conference is of wide interest, as is shown by the contributions received from 11 countries and districts throughout the world. About 90 researchers attend the conference and more than 100 papers were submitted for presentation in the proceedings. The paper sessions covered following topics: fundamentals and physics applications (precipitation, pollution control, spray, separation, material, Ozone, etc.) hazards and problems biology technology electrets measuring technology electromagnetic compatibility and others These papers demonstrated recent research level and developing trends of the entire electrostatic field.
A comprehensive, in-depth, and authoritative guide to China's financial system The Chinese economy is one of the most important in the world, and its success is driven in large part by its financial system. Though closely scrutinized, this system is poorly understood and vastly different than those in the West. The Handbook of China’s Financial System will serve as a standard reference guide and invaluable resource to the workings of this critical institution. The handbook looks in depth at the central aspects of the system, including banking, bonds, the stock market, asset management, the pension system, and financial technology. Each chapter is written by leading experts in the field, and the contributors represent a unique mix of scholars and policymakers, many with firsthand knowledge of setting and carrying out Chinese financial policy. The first authoritative volume on China’s financial system, this handbook sheds new light on how it developed, how it works, and the prospects and direction of significant reforms to come. Contributors include Franklin Allen, Marlene Amstad, Kaiji Chen, Tuo Deng, Hanming Fang, Jin Feng, Tingting Ge, Kai Guo, Zhiguo He, Yiping Huang, Zhaojun Huang, Ningxin Jiang, Wenxi Jiang, Chang Liu, Jun Ma, Yanliang Mao, Fan Qi, Jun Qian, Chenyu Shan, Guofeng Sun, Xuan Tian, Chu Wang, Cong Wang, Tao Wang, Wei Xiong, Yi Xiong, Tao Zha, Bohui Zhang, Tianyu Zhang, Zhiwei Zhang, Ye Zhao, and Julie Lei Zhu.
A momentous debate has been unfolding in China over the last fifteen years, only intermittently in public view, concerning the merits of socialism as a philosophy of social justice and as a program for national development. Just as Deng Xiaoping's better advertised experiment with market- based reforms has challenged Marxist-Leninist dogma on economic policy, the years since the death of Mao Zedong have seen a profound reexamination of a more basic question: to what extent are the root problems of the system due to Chinese socialism and Marxism generally? Here Yan Sun gathers a remarkable group of primary materials, drawn from an unusual range of sources, to present the most systematic and comprehensive study of post-Mao reappraisal of China's socialist theory and practice. Rejecting an assumption often made in the West, that Chinese socialist thought has little bearing on politics and policymaking, Sun takes the arguments of the post-Mao era seriously on their own terms. She identifies the major factions in the debate, reveals the interplay among official and unofficial forces, and charts the development of the debate from an initially parochial concern with problems raised by Chinese practice to a grand critique of the theory of socialism itself. She concludes with an enlightening comparison of the reassessments undertaken by Deng Xiaoping with those of Gorbachev, linking them to the divergent outcomes of reform and revolution in their respective countries.
Chinese president Xi Jinping is most famously associated with his “Chinese Dream” campaign, envisioning a great rejuvenation of the nation. Many observers, though, view China’s pursuit of this dream as alarming. They see a global power ready to abandon its low-profile diplomacy and eager to throw its weight around. Red Chamber, World Dream represents an interdisciplinary effort of deciphering the Chinese Dream and its global impact. Jing Sun employs methods from political science and journalism and concepts from literature, sociology, psychology and drama studies, to offer a multilevel analysis of various actors’ roles in Chinese foreign policy making: the leaders, the bureaucrats, and its increasingly diversified public. This book rejects a simple dichotomy of an omnipotent, authoritarian state versus a suppressed society. Instead, it examines how Chinese foreign policy is constantly being forged and contested by interactions among its leaders, bureaucrats, and people. The competition for shaping China’s foreign policy also happens on multiple arenas: intraparty fighting, inter-ministerial feuding, social media, TV dramas and movies, among others. This book presents vast amounts of historical detail, many unearthed the first time in the English language. Meanwhile, it also examines China’s diplomatic responses to ongoing issues like the Covid-19 crisis. The result is a study multidisciplinary in nature, rich in historical nuance, and timely in contemporary significance.
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