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Frontiers of Economics in China

Front. Econ. China    2007, Vol. 2 Issue (2) : 151-168     DOI: 10.1007/s11459-007-0008-y
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Economic structural reform and China’s financial security —Issues, logic and countermeasures
CHEN Yulu, WANG Fang
School of Finance, Renmin University of China, Beijing 100872, China
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Abstract The authors believe that the financial operation based on the issuance of paper money in excess of economic capacity resulting from dependence on the state investment is the central manifestation of factors of China s financial insecurity. The financial support for the economic reform, the financial reform and the impact of globalization constitute the major logic of its formation. The fundamentals to safeguard financial security lie in the persistence of the state s comprehensive development strategy, so as to maintain long-term accumulation of the state s net wealth and the stability of faith in markets.
Issue Date: 05 June 2007
 Cite this article:   
WANG Fang,CHEN Yulu. Economic structural reform and China’s financial security —Issues, logic and countermeasures[J]. Front. Econ. China, 2007, 2(2): 151-168.
 URL:  
http://journal.hep.com.cn/fec/EN/10.1007/s11459-007-0008-y
http://journal.hep.com.cn/fec/EN/Y2007/V2/I2/151
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