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2024 | OriginalPaper | Buchkapitel

5. The Tortuous Development of the Financial Industry During the Planned Economy Period

verfasst von : Rixu Lan

Erschienen in: The Financial Development of China

Verlag: Springer Nature Singapore

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Abstract

With the formation of China’s highly centralized and unified financial management system, the functions of finance gradually shrank to the scope of “managing funds”. However, it played a significant role in the early completion of the three major socialist transformations in China and the smooth implementation of “the First Five-Year Plan”. Subsequently, influenced by changes in social, political, and economic environments, China’s financial industry experienced a series of twists and turns, frequent adjustments, but overall presented a declining trend in financial functions and business.

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Metadaten
Titel
The Tortuous Development of the Financial Industry During the Planned Economy Period
verfasst von
Rixu Lan
Copyright-Jahr
2024
Verlag
Springer Nature Singapore
DOI
https://doi.org/10.1007/978-981-97-8273-4_5

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