of inadequate financial intermediation. China should now expand its investment program to incorporate large import …Just when China's leaders receive conflicting signals of "overheating" and "below-potential growth", they encounter … challenges have their roots in China's inadequate marketization and continued discrimination against the domestic private sector …

financial crisis, and China increased the growth rate of base money slightly. The resulting credit growth was very slight in the … USA and UK but very large in China. The US and UK money multipliers collapsed because the required capital adequacy ratio … against it, and equals the reciprocal of the required reserve ratio when CAR is not binding. To improve China’s economic …