The Chinese Banking System: Past, Present and Future Developments
This paper will focus on one aspect of the needed reforms; the banks and the financial services sector. Initially the organization and history of the Chinese banking system will be outlined. Subsequently, the current situation, notably its problematic aspects will be introduced. In light of the situation a series of possible reforms will be proposed. Finally, a concluding section will draw together the past and present of Chinese banking in an attempt to foresee future developments. Overall, this discussion will provide an interesting insight into the process of reforming state-driven, command-economies. Notably it will illustrate how an inability or unwillingness to reform one sector of the economy can have repercussions in other sectors of the economy. 13 pgs. 23 f/c. 13b.
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