The study of contemporary China constitutes a fascinating yet challenging area of scholarly inquiry. Recent decades have brought dramatic changes to China's economy, society and governance. Analyzing such changes in the context of multiple disciplinary perspectives offers opportunites as well as challenges for scholars in the field known as contemporary China Studies. The SAGE Handbook of Contemporary China is a two-volume exploration of the transformations of contemporary China, firmly grounded in the both disciplinary and China-specific contexts. Drawing on a range of scholarly approaches found in the social sciences and history, an international team of contributors engage with the question of what a rapidly changing China means for the broader field of contemporary China studies, and identify areas of promising future research. Part 1: Context: History, Economy, and the Environment Part 2: Economic Transformations Part 3: Politics and Government Part 4: China on the Global Stage Part 5: China's Foreign Policy Part 6: National and Nested Identities Part 7: Urbanization and Spatial Development Part 8: Poverty and Inequality Part 9: Social Change Part 10: Future Directions for Contemporary China Studies

Financial System

Financial System

Financial System
Ming He Yang Chen Ronald Schramm


In China's National Bureau of Statistics’ China Statistical Yearbook, there are 24 chapters – Chapter 19 on Financial Intermediation is the second shortest chapter. Meanwhile, the two longest chapters relate to how finance in China is used in the real economy – Investment in Fixed Assets and Natural Resources. This may provide some indication of how far China's financial sector has yet to go in terms of directing China's vast savings into its most productive use – a central role that finance intermediation plays. China over the past four decades has made great strides in its financial system. But the efficient allocation of ...

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