Chapter 16 Banking Law Reform in China
Author:
Mr. T. M. C. Asser https://isni.org/isni/0000000404811396 International Monetary Fund

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Abstract

It was in the fall of 1992 that China decided to change its command economy to what is called a socialist market economy. Although the Chinese authorities are still in the process of giving content and definition to the term “socialist market economy,” this much is known: China’s economic system will be unique, as it will reflect the unique social, political, and cultural traditions of China’s vast and diversified population.

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