The combination of huge size and rapid growth of China on track to become the largest economy in the world by 2020. It is also the second-largest recipient of foreign direct investment after the United States continued balanced growth in China will require more and more sound financial system, he says, which explains the implications of the forthcoming Chinese banking and financial sector reform, and why such reform is a unique and important problem in economic transition of China from a centrally planned to a market economy.
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by Donald Brean Source: Rotman School of Management, 4 pages. Publication Date: January 1, 2007. Prod. #: ROT040-PDF-ENG