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| Author: | Wang, Rungui |
| Title: | The influence of financial internationalization on China economy and countermeasure studies (original in Chinese) |
| Journal: | Management World (c)
1999 : 3, p.41-50 |
| Index terms: | INTERNATIONALIZATION FINANCE INTERNATIONAL CAPITAL MOVEMENTS CHINA ECONOMIC INTEGRATION |
| Language: | chn |
| Abstract: | Since China economic development accompanied with the challenges and pressure of internationalization and general adoption of market principle, financial service opening must contain more risks. The major influence of liberalization of financial business on China economic development is the expanding of foreign financial institutions' investment on China. On the other hand, liberalization of capital movement makes the next target of China foreign currency system reform point to open capital account. Due to the outburst of Asian Financial Crisis, the opinions of theorists on opening the developing countries' capital account tend to be prudent. |
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