Tesco
The Case for Financial Reform in China
Article

The Case for Financial Reform in China

Henry M. Paulson Jr.
BFA, 2013
Read the article

Read or listen offline

автоматическое преобразование текста в аудио
  • 0.5×
  • 0.75×
  • 1×
  • 1.25×
  • 1.5×
  • 1.75×
1×
автоматическое преобразование текста в аудио

Editorial Rating

8

Qualities

  • Analytical
  • Insider's Take

Recommendation

According to former US Treasury secretary Henry M. Paulson Jr., China should continue to reform its financial sector. Paulson offers his personal, candid opinions regarding China’s current economic standpoint. He addresses numerous deficiencies in its existing financial framework and offers China a way forward. getAbstract recommends this article to investors and bankers with an interest in China and the future of its financial sector.

Take-Aways

  • During the past several years, China has taken giant steps in developing its capital markets, but it must not succumb to inertia now.
  • The Chinese government pumps low-interest capital into its stagnant state-owned enterprises, directing financing away from innovative, productive private businesses.
  • To protect itself from downturns in other economies, China should veer from buying US Treasury and euro-zone bonds and accumulating foreign reserves. Such actions essentially fund American and European deficits.

About the Author

Henry M. Paulson Jr. is chairman of the Paulson Institute and a former US Treasury secretary.

Comment on this summary or Начать обсуждение