TY - JOUR
T1 - China’s hobbled leviathan
T2 - The problems, achievements and challenges in reforming the banking sector
AU - Sharma, Shalendra D.
PY - 2003/1/1
Y1 - 2003/1/1
N2 - China’s banking system has undergone significant changes in the past two decades. It has been transformed from a mono-bank system typical of centrally-planned economies to an increasingly diversified multi-layered system comprising a central bank together with a growing number of domestic and foreign commercial banks. In fact, China’s banking system is now among the worlds largest, particularly in relation to GDP. Nevertheless, China’s banks are beset with a number of long-standing structural problems rooted in the legacies of the past command economy. This paper examines the nature and economic implications of these problems, the efficacy of the policies designed to reform the banking sector and the challenges the system faces, especially in light of China’s moves towards full membership in the WTO.
AB - China’s banking system has undergone significant changes in the past two decades. It has been transformed from a mono-bank system typical of centrally-planned economies to an increasingly diversified multi-layered system comprising a central bank together with a growing number of domestic and foreign commercial banks. In fact, China’s banking system is now among the worlds largest, particularly in relation to GDP. Nevertheless, China’s banks are beset with a number of long-standing structural problems rooted in the legacies of the past command economy. This paper examines the nature and economic implications of these problems, the efficacy of the policies designed to reform the banking sector and the challenges the system faces, especially in light of China’s moves towards full membership in the WTO.
KW - China and the WTO
KW - China’s banks
KW - Non-performing loans
UR - http://www.scopus.com/inward/record.url?scp=85040400752&partnerID=8YFLogxK
U2 - 10.1111/j.1976-5118.2003.tb00276.x
DO - 10.1111/j.1976-5118.2003.tb00276.x
M3 - Journal Article (refereed)
AN - SCOPUS:85040400752
SN - 1225-4657
VL - 18
SP - 33
EP - 63
JO - Pacific Focus
JF - Pacific Focus
IS - 1
ER -