Financial Reform in China

China's spectacular economic growth has made it the focus of international attention.Financial Reform in Chinaargues that Chinese financial reforms has failed to keep pace with its continuing economic growth. Written by long-term observers and Chinese economists who are active participants in the formulation of high level policy and the development of China's new financial institutions and markets,Financial Reform in China looks at the bottleneck of strict finanacial regulation which threatens China's continuing economic reform.With increased marketization and internationalization, China's financial and monetary system should pay a pivotal role in economic reform and development. However, while China's banking and financial organizations still operate under a highly regulated environment shaped by thecentrally planned economic system, China's slow financial reform has failed to meet the demands of its more generaleconomic reform.