China is now the second largest economy in the world, with an increasingly efficient and open financial system. Many firms, agents and financial institutions have realized the potential in making money in China. Financial Theory: Perspectives from China serves as a timely textbook providing a unique introduction to economics theory, with a focus on money, banking and financial systems, through examples based mainly on China's financial practices. It contains up-to-date developments of theory and practices, as well as various interesting stories on China's financial system. Topics such as financial institutions, capital markets, debt securities markets, mutual fund markets, money markets, foreign exchange and financial derivative markets are discussed in depth. Financial theories are supplemented with illustrations from China's money supply mechanism and monetary policy system, China's financial regulatory and supervision system, as well as China's financial system and how it has liberalized and opened up to the rest of the world.Readers will find detailed examinations of financial theories, exemplified and reinforced by the inclusion of different financial cases and phenomena, each intriguing in their own right. This book provides readers with a deeper understanding of China's financial practices, providing vital knowledge for investing in China and engaging businesses there. Undergraduate students in economics and finance and those keen on becoming a player in China's financial markets will no doubt find this volume useful and necessary.

China is now the second largest economy in the world, with an increasingly efficient and open financial system. Many firms, agents and financial institutions have realized the potential in making money in China. Financial Theory: Perspectives from China serves as a timely textbook providing a unique introduction to economics theory, with a focus on money, banking and financial systems, through examples based mainly on China's financial practices. It contains up-to-date developments of theory and practices, as well as various interesting stories on China's financial system. Topics such as financial institutions, capital markets, debt securities markets, mutual fund markets, money markets, foreign exchange and financial derivative markets are discussed in depth. Financial theories are supplemented with illustrations from China's money supply mechanism and monetary policy system, China's financial regulatory and supervision system, as well as China's financial system and how it has liberalized and opened up to the rest of the world. Readers will find detailed examinations of financial theories, exemplified and reinforced by the inclusion of different financial cases and phenomena, each intriguing in their own right. This book provides readers with a deeper understanding of China's financial practices, providing vital knowledge for investing in China and engaging businesses there. Undergraduate students in economics and finance and those keen on becoming a player in China's financial markets will no doubt find this volume useful and necessary.

This volume marks a turning point in the study of Chinese economic history. It arose from a realization that the economic history of China—as opposed to the history of the Chinese economy—had yet to be written. Most histories of the Chinese economy, whether by Western or Chinese scholars, tend to view the economy in institutional or social terms. In contrast, the studies in this volume break new ground by systematically applying economic theory and methods to the study of China. While demonstrating to historians the advantages of an economic perspective, the contributors, comprising both historians and economists, offer important new insights concerning issues of long-standing interest to both disciplines. Part One, on price behavior, presents for the first time preliminary analyses of the incomparably rich and important grain price data from the imperial archives in Beijing and Taibei during the Qing Dynasty (1644–1911). These studies reveal long-term trends in the Chinese economy since the seventeenth century and contain surprising discoveries about market integration, the agricultural economy, and demographic behavior in different regions of China. The essays in Part Two, on market response, deal with different aspects of the economy of Republican China (1912–49), showing that markets for land, labor, and capital sometimes functioned as predicted by models of economic "rationality" but at other times behaved in ways that can be explained only by combining economic analysis with knowledge of political, regional, class, and gender differences. Based on new types of data, they suggest novel interpretations of the Chinese economic experience. The resulting collection is interdisciplinary scholarship of a high order, which weaves together the analytic framework provided by economic theory and the rich texture of social phenomena gathered by accomplished historians. This title is part of UC Press's Voices Revived program, which commemorates University of California Press’s mission to seek out and cultivate the brightest minds and give them voice, reach, and impact. Drawing on a backlist dating to 1893, Voices Revived makes high-quality, peer-reviewed scholarship accessible once again using print-on-demand technology. This title was originally published in 1992.

The rush of entrepreneurial activity in China has been watched with interest by the financial world. This book, the result of an international symposium on Chinese accounting and financial management, assesses the little-known accounting scene in China which up until 1978 remained behind closed doors. Divided into four sections, the volume covers: Chinese perspectives on accounting the business and financial structure of China, including the re-emergence of a Chinese stock market the regulatory framework of accounting in China and comparisons with international accounting standards; the impact of current reforms in Chinese accounting practice the emergence of a new accounting profession in China. The concluding chapter provides an overview of the cultural context of the reforms which took place in the 1990s. By using comparisons with other Asian countries’ accounting systems, like Taiwan, the contributors to the volume give an analysis of the state of accountancy in China during the 1990s.

Wei and Liu argue that Chinese nationalism is a multifaceted concept. At different historical moments and under certain circumstances, it had different meanings and interacted with other competing motives and interests. The authors of this timely volume, all of whom are of Chinese origin and bi-national education, have produced a balanced and non-culture-bound work of scholarship. It contains diverse, provocative, and in-depth analysis of both historical and recent case studies that can shed light on the contemporary incarnation of Chinese nationalism. This interdisciplinary anthology looks at variants of Chinese nationalism upheld and contended by social groups, classes, and power-holders from the past to the present. The authors argue that nationalism can be supported by both patriotic and group- or party-oriented interest calculations. Forms of Chinese nationalism can result from situational as well as ideological conditions.

This book chooses four different transmission mechanisms of interest rate, credit, exchange rate, and asset price to study whether China’s monetary policy has an impact on these four transmission mechanisms and then studies whether these four transmission mechanisms have an impact on the macroeconomy, so as to determine the impact of China’s monetary policy on macro-goals.

Following a research design of "e;phenomenal description a' theoretical analysis a' model construction a' empirical test a' policy suggestion"e;, this book aims at proposing "e;National Resources and Environment"e; (NRE) -constrained urbanization theory and establishing a measurement system for appropriate level of urbanization, which will serve as theoretical and empirical bases for measurement of appropriate level of urbanization under NRE constraints. Based on systematic review of previous researches on NRE-constrained urbanization at home and abroad, this book first summarizes the mechanism and rules of NRE-constrained urbanization with reference to theories of Wooden Barrel, Climbing Hill, Migration, Economic Growth and Ecology. By using the theory of endogenous economic growth and the theory of constraints, it further deduces the model of "e;resource drag"e; in urbanization caused by shortage of resources and environment and that of "e;resource curse"e; in urbanization caused by resource endowment respectively. The appropriate NRE-constrained urbanization is deconstructed into four sub-objectives including the level, speed, structure and scale, and thus a measurement model is proposed. Based on the analysis structure of NRE-constrained urbanization, major NRE effects and key constraint factors of NRE on the urbanization of Jiangxi province are studied. Econometric analysis of panel data is also conducted to examine various effects on the process of urbanization. By using theories and models of NRE-constrained urbanization, this book examines the "e;resource drag"e; and "e;resource curse"e; in Jiangxi's urbanization; deduces the equilibrium level of NRE-constrained urbanization in Jiangxi by using the econometric model and compares the actual compatibility of the level and speed of urbanization in Jiangxi during 1978-2008 by using environmental capacity constrained Logistic model. It further examines the compatibility of scale and space distribution in Jiangxi's urbanization and calculates optimal city scale for Jiangxi by using the measurement model of the structure of NRE-constrained urbanization. At last, based on the aforementioned analysis, this book summarizes main findings and future prospects of the research, and provides policy suggestions on promoting the appropriate process of urbanization. The research aims at the mechanism and rules of urbanization progress under constraint of the NRE based on systematic summary of the effect and constraint of NRE on urbanization. A measurement model for the appropriate progress of urbanization is proposed based on the analysis of NRE-constrained urbanization theories. Meanwhile, the general conclusion will be applied to typical areas and tested by an empirical study, so as to test and develop relevant theories, and give a comprehensive evaluation on the coordination of urbanization with NRE. In this way, lessons can be learned and summarized for similar regions to advance urbanization and utilize NRE. More specifically, the objectives of this book involve: (1) to reveal the mechanism and rules of NRE-constrained urbanization theoretically; (2) to propose a measurement model and methods for monitoring the appropriate progress of urbanization under constraint of NRE; (3) to conduct an empirical study on Jiangxi Province, evaluate its proper NRE-constrained urbanization process from the aspects of level, speed, structure and scale during "e;11th Five Year Plan"e; by quantitative evaluation on Jiangxi's urbanization, NRE, and thus giving suggestions for policy making.

This book provides a chronological record of the development of Chinese thoughts on public finance over its 4,000 years of history, ranging from the Xia Dynasty to the founding of the People's Republic of China in 1949. It addresses the onset and evolution of Chinese thoughts on public finance across the different periods, such as thoughts on public finance during the Xia, Shang and Western Zhou dynasties, and thoughts from the early feudalistic period; offers an account about the thriving and declining of China's ancient thoughts on public finance; and deals with the emergence of capitalistic theories from the late Qing Dynasty to the founding of the People's Republic of China.

This book employs a qualitative analysis of China’s publicly financed construction sector, taking the system design as its point of departure and applying comprehensive evaluation techniques to create an index system for this type of construction – which in turn serves as a basis for quantitatively evaluating China’s publicly financed construction sector. Given the fact that China’s publicly financed construction sector is a very complex field of systems engineering involving multiple subsystems, as an important indicator of China’s fiscal innovations since its reform and opening, publicly financed construction is now shifting from theory to practice, demonstrating that China has entered an era of fully publicly financed construction.

The analysis is notable for its insistence that, for a corporate governance system to work, the principles and practicalities of that system must be derived from customary cultural norms. Experience shows that imported models, although they may be enshrined in law, lead to economic stagnation unless actual practice is monitored and reformed and the laws change to reflect these necessary adjustments. Thus the model proposed here begins with the Company Law of 1994, and proceeds to show how practical experience is already providing valuable data for the task of improving the law.