By Lixing Zou
As a central authority establishment focusing on development-oriented finance, the China improvement financial institution (CDB) has mixed complex overseas monetary theories with China's functional stipulations and has performed remarkably good in removal financing bottlenecks, developing industry credits platforms, and making sure swifter and higher financial and social improvement. Its perform and conception in development-oriented finance characterize an important virtue of China's socialist marketplace economy.
Written within the environment of serious historical past, nice alterations and nice demanding situations, this e-book includes a systematic research of the idea and perform of development-oriented finance that has developed besides China's reform and beginning up. It presents an in-depth research of the ideological foundation, theoretical contents, working ideas and cutting edge improvement of China's monetary system.
China's upward thrust: Development-Oriented Finance and Sustainable Development will advertise additional discussions and researches on China's sleek monetary and fiscal platforms and in flip the sustainable improvement of the chinese language financial system and the realm economic system at large.
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Additional resources for China's Rise: Development-Oriented Finance and Sustainable Development
Development-oriented finance raises the fund for mid- and long-term construction and livelihood matters, depending on the government’s credit to issue financial bonds. This kind of funding mechanism expands the credit of government and strengthens government’s monetary credit. We should utilize government’s credit correctly; transfer the short-term and socialized fund of commercial bank to long-term and big amount of money so as to effectively arrange the social funds to support the mid- and long-term infrastructure construction and development of social affairs.
2 China’s macroeconomy will be in a state of tight operation for a long time In the primary stage of socialism, on the one hand, China’s economic development is restricted by natural resources, human capital and managerial competence, innovative capacity, technological conditions, development environment, and other economic resources; on the other hand, various changing demands of social members push forward the over-expansion of aggregate demand. For the purpose of utilizing limited economic resources to a maximum extent and meeting various demands of social members, it is inevitable to generate a state of tight economic operation represented by excessive growth of demands and restriction by resources.
A system is the guarantee of a framework. In the case of lack of the credit system, it would be impossible to build a “bridge” for the development of the capital market, sustain the financing system for economic development, and develop standardized credit and securities financing. Besides, the contradiction between huge financing demands for urban infrastructure and short supply will not be perfectly tackled. At present, China’s economy, system, and market are developing, loans are provided by banks in an energetic manner to support China’s economic growth, and the role of financial system in national economy keeps improving.