11/10/2006

The Acceleration of China's Financial Reforms -- Pursuing More Efficient Resource Allocation

Economic Research Department  Senior research fellow Sayuri Ito 

LINEで送る

Font size

  • S
  • M
  • L

China's economy has been prone to excess investment because the financial system, which centers around indirect finance by state-owned commercial banks (SOCBs), does not allocate resources as efficiently as needed for a market economy. Clear signs of the financial system's shortcomings, combined with China's WTO commitment to open up the financial sector to foreign participation, have driven financial reform at an accelerating pace in recent years and produced some results. However, more work lies ahead, particularly in improving the capability of SOCBs to make lending decisions and manage risk.

43_ext_01_en_0.jpg

Economic Research Department    Senior research fellow

Sayuri Ito

Research field

03-3512-1832

LINEで送る

レポート