Economic Research Department Executive Director
Sayuri Ito（）
研究領域：経済
研究・専門分野
European Economy, Regional Integration, international monetary and financial system
2006年10月11日
関連カテゴリ
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.