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Tekijä: | Wei, Gejun |
Otsikko: | A view on China's financial operation characteristic and some focal points in 1998 (original in Chinese) |
Lehti: | Economics Information (c)
1999 : 2, p.26-30 |
Asiasana: | FINANCE FINANCIAL MANAGEMENT CHINA |
Kieli: | chn |
Tiivistelmä: | In 1998 the people's bank played a supporting role in the implementation of positive financial and investment policies, timely adjusting money supply and expanding domestic demand and having promoted the economic growth. There was a great breakthrough in financial reform and a remarkable achievement in financial supervision and administration. Foreign exchange management was strengthened and the stability of the exchange rate of Renminbi was maintained. The existing problems: the proportion of bad loan in the State-owned commercial banks is fairly high; some small and medium-sized financial institutions could not pay the debt which became due; indiscriminately starting financial business and raising funds occurred repeatedly; some local governments and units illegally borrowed foreign capital or gave their financial guaranty. |
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