To address the banking system's non-performing loan (NPL) problem, the Chinese government set up four asset management corporations (AMCs). They were to buy up bad debts of the big four state-owned commercial banks and dispose of them over 10 years, taking a large step towards NPL resolution....

The building industry in China has huge potential capacity for energy/resources conservation and pollutants reduction to achieve sustainable development. However, stakeholders are hardly able to reach a consensus on preferential needs and effective solutions, which was a difficulty faced by...

â?¢ Chinese monetary policy was excessively tight in 2014 but started loosening in late 2014, in an attempt to cushion growth, facilitate rebalancing, support reform and mitigate financial risk. â?¢ There are three main reasons for this policy shift. First, there is evidence that the Chinese...

This indispensable book provides a comprehensive analysis of monetary and financial integration in East Asia. It assesses the steps already taken toward financial integration and brings forward different proposals for future exchange rate arrangements in what has now become the world’s...