The performance of various types of capital resources in the economic reforms of China are of great interest to those involved in the reforms as policymakers, scholars, and businesspeople. Four major areas of financial development are identified--banking and loans, trade and foreign direct investments, official flows and foreign exchanges, and the stock market. The quality, or efficiency, of the capital resource has not been given equal weight with quantity, as it is difficult to measure the quality of a resource, and because more of a capital resource is generally preferred to less. A comprehensive analysis of trade and investment issues in China has been provided.
About the Author:
KUI-WAI LI is Associate Professor of Economics and Finance at the City University of Hong Kong. Dr. Li has done extensive research on the economic reforms in banking and financial development of China and has published Financial Repression and Economic Reform in China (Praeger, 1994), in addition to numerous articles on Asian economies. His next work is Economism: The Asian Development Paradigm, forthcoming from Praeger.