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Author:Frings, M.
Title:Never mind the politics, feel the profit.
Journal:Banker
1987 : DEC, VOL. 137:742, p. 8-10, 12, 14, 16
Index terms:BANKS
CHINA
STRUCTURAL CHANGE
FOREIGN EXCHANGE MARKET
Language:eng
Abstract:Deng Xiaoping started to reform the Chinese economy in 1979. China is now shifting to a market based economy, despite ideological breaks and practical difficulties. Her banking system also reflects this middle-on-the-road status. No teller machines, no personal cheques, very poor communications, but the centralized banking system is to be replaced by a multi-level one. Post-saving banks only appeared in some years ago. Trade in stocks and bonds has just started, but most collectives do not understand the concept of stock- holding.
SCIMA record nr: 57858
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