China and Financial Reform: An Approach to Resolve the Problem of Overinvestment.

In Estudios, Sistema políticoby PSTBS12378sxedeOPCH

After more than 30 years of financial reforms and opening-up policies, China clearly stands at the crossroads. On one hand, its economic performance has been revealed itself quite impressive during the referenced period. It has lifted millions of people from the extreme poverty and achieved an average annual economic growth rate of 9,89% since 1979. But, on the other hand, both financial and social imbalances have raised some concerns on the viability of Chinese economy. How grave are these shortcomings compared with the current strenghts? This will be our first object for analysis. Secondly, and regarding to the latest economic conference held in November by the Communist Party of China, we will try to infer how some of the already unveiled major financial reforms can transform the Chinese economic structure as well.