Major Issues and Policies in China's Financial Reform (Volume 2)

Reveals the 28 Unique Milestones in China's Financial Industry'Pants with close crotch,' 'polyandry,' and 'a tiger in a cage' - these enigmatic terms are frequently used by Chinese economists and policy-makers to figuratively describe certain significant financial events in the history of New China. Major Issues and Policies in China's Financial Reform is a 3-volume guide to these kinds of events.With the economic transformation of late 1980s as a turning point, this series provides an in-depth examination of 28 key financial policies and issues in China over a 60-year timespan. The series combines vivid stories and theoretical analysis to explain the historical background of these financial reforms, including such concepts as replacing the fiscal appropriation of investment funds by bank loans, the replacement of profit delivery by taxes, and debt for equity swaps. The series also offers evaluations of the subsequent impacts of these policies on China's economic development. Major Issues and Policies in China's Financial Reform uses a review of history to provide a basis for policy recommendations, innovations, and future fiscal and financial reforms In China.Volume 1 'Pants with Close Crotch' - The close relationship between public finance and the banking system during the era of the planned economyOff Budget Funds: Development and significance for China's economic development 'Polyandry' - The use of the fiscal surplus from the previous year to make the budget of the current yearCredit Quota - A policy tool used by the central bank to exercise macro-control or micro-adjustment over money supply and the credit structure in commercial banks'Big Treasury, Small Banks' - an outcome of China's government-driven economy.