This book focuses on the importance for China to correct the present imbalance in the relationship between the financial sector and the real economy.

The book looks at China’s current financial system in terms of "extractive" and "inclusive". It asserts that the financial sector is producing huge "siphonic effects" that distort the overall development of the Chinese economy. Like a giant magnet, the financial sector attracts too many innovation factors, such as talents, capital and entrepreneurship away from the real economy and inhibits the development of the latter. Hence, the book argues that China’s financial system must now be thoroughly reformed to become an inclusive financial system, where finance and the rest of the economy can co-exist and develop in support of each other.

This book focuses on the importance for China to correct the present imbalance in the relationship between the financial sector and the real economy.

The book looks at China’s current financial system in terms of "extractive" and "inclusive". It asserts that the financial sector is producing huge "siphonic effects" that distort the overall development of the Chinese economy. Like a giant magnet, the financial sector attracts too many innovation factors, such as talents, capital and entrepreneurship away from the real economy and inhibits the development of the latter. Hence, the book argues that China’s financial system must now be thoroughly reformed to become an inclusive financial system, where finance and the rest of the economy can co-exist and develop in support of each other.

This book delves into China''s transition to mid-to-high-end industries amid a new wave of global industrial revolution. It explores the fundamental principles and current dynamics of industrial upgrading, addressing topics such as industrial policies, managing overcapacity, and the removal of inefficient enterprises, all viewed through historical experiences, objective analyses, and systemic considerations. Based on the in-depth analysis of China’s advantages, challenges and strategic choices, the book concludes that upgrading is a must way-to go for China, involving pivotal areas such as structural upgrading, value chain optimization, product space expanding, quality enhancing, platform economy and sharing economy developing, as well as the intersection of finance with industrial upgrading.

This book focuses on the importance for China to correct the present imbalance in the relationship between the financial sector and the real economy.

The book looks at China’s current financial system in terms of "extractive" and "inclusive". It asserts that the financial sector is producing huge "siphonic effects" that distort the overall development of the Chinese economy. Like a giant magnet, the financial sector attracts too many innovation factors, such as talents, capital and entrepreneurship away from the real economy and inhibits the development of the latter. Hence, the book argues that China’s financial system must now be thoroughly reformed to become an inclusive financial system, where finance and the rest of the economy can co-exist and develop in support of each other.

This book focuses on the importance for China to correct the present imbalance in the relationship between the financial sector and the real economy.

The book looks at China’s current financial system in terms of "extractive" and "inclusive". It asserts that the financial sector is producing huge "siphonic effects" that distort the overall development of the Chinese economy. Like a giant magnet, the financial sector attracts too many innovation factors, such as talents, capital and entrepreneurship away from the real economy and inhibits the development of the latter. Hence, the book argues that China’s financial system must now be thoroughly reformed to become an inclusive financial system, where finance and the rest of the economy can co-exist and develop in support of each other.

This book delves into China''s transition to mid-to-high-end industries amid a new wave of global industrial revolution. It explores the fundamental principles and current dynamics of industrial upgrading, addressing topics such as industrial policies, managing overcapacity, and the removal of inefficient enterprises, all viewed through historical experiences, objective analyses, and systemic considerations. Based on the in-depth analysis of China’s advantages, challenges and strategic choices, the book concludes that upgrading is a must way-to go for China, involving pivotal areas such as structural upgrading, value chain optimization, product space expanding, quality enhancing, platform economy and sharing economy developing, as well as the intersection of finance with industrial upgrading.