Building China’s Financial System in the 21st Century

Franklin Allen, Meijun Qian, Jun "QJ" Qian

    Research output: Contribution to journalArticlepeer-review


    Since 1979 when China first opened its door to the outside world, fundamental changes have taken place within the “Middle Kingdom.” Most notably, China has gone from a closed economy dominated by agriculture and a central planning system, to a fast-growing, market-oriented, open economy. Much can be said on this latest Asian miracle, in particular how China achieved its economic growth and transition. In this article we briefly examine the role of China’s financial system in supporting the growth of its economy, and explore the directions of future growth of the financial system, as well as the growth of the overall economy
    Original languageEnglish
    Pages (from-to)36-41
    JournalHarvard China review
    Publication statusPublished - 2003


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