Title

Do Financing Biases Matter for the Chinese Economy?

Yasheng Huang

Do Financing Biases Matter for the Chinese Economy?

It is widely acknowledged that China’s financial system is deeply troubled. Its banks have very high nonperforming loan ratios and its stock market has lost 50 percent of its value since 2001 amidst a GDP growth rate averaging some 9 percent a year. This paper sheds light on the extent of financial...
Topics: 
Economy
Keywords: 
Finance, Banking, Economy