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Economic structural reform and China’s financial security

—Issues, logic and countermeasures

  • Research Article
  • Published:
Frontiers of Economics in China

Abstract

The authors believe that the financial operation based on the issuance of paper money in excess of economic capacity resulting from dependence on the state investment is the central manifestation of factors of China’s financial insecurity. The financial support for the economic reform, the financial reform and the impact of globalization constitute the major logic of its formation. The fundamentals to safeguard financial security lie in the persistence of the state’s comprehensive development strategy, so as to maintain long-term accumulation of the state’s net wealth and the stability of faith in markets.

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Authors and Affiliations

  1. School of Finance, Renmin University of China, Beijing, 100872, China

    Chen Yulu & Wang Fang

Authors
  1. Chen Yulu
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  2. Wang Fang
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Corresponding author

Correspondence to Wang Fang.

Additional information

Translated from Jingji Lilun yu Jingji Guanli 经济理论与经济맜理 (Economic Theory and Business Management), 2006, (7): 5–12

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Chen, Y., Wang, F. Economic structural reform and China’s financial security. Front. Econ. China 2, 151–168 (2007). https://doi.org/10.1007/s11459-007-0008-y

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  • DOI: https://doi.org/10.1007/s11459-007-0008-y

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