How Huarong Explains China's Creaky Financial System
ChinaTalk
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The Evolution of China's Financial System
This chapter examines the transformation of China's financial system from the 1990s to the present, focusing on the dominance of state-owned enterprises and the impact on private businesses. It discusses the interplay between rapid economic growth and the banking sector's practices, highlighting the tensions between local governments and regulators. Additionally, it explores the consequences of aggressive stimulus measures taken during the global financial crisis and the systemic challenges that have emerged in China's banking landscape.
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