{"product_id":"9781349264605","title":"China's Financial System under Transition","description":"The transformation of China's economy has involved major changes in the financial sector. This book offers a detailed and authoritative guide to financial reform in China since 1979. Bank loans replaced budgetary grants as the most important source of funds for investment. A two-tier financial structure, consisting of a central bank and a newly created specialised commercial bank, developed. Nonbank financial institutions also mushroomed. The book outlines the process of change, compares these changes to the earlier mono-banking system, and shows the problems which remained - including the lack of a proper financial control mechanism. There is a detailed case-study of the Shanghai financial markets.","brand":"Palgrave Macmillan UK","offers":[{"title":"Default Title","offer_id":47033743638768,"sku":"9781349264605","price":99.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0737\/7593\/9824\/files\/9781349264605_p0.jpg?v=1763710099","url":"https:\/\/shop-qa.barnesandnoble.com\/products\/9781349264605","provider":"Barnes \u0026 Noble (DEV)","version":"1.0","type":"link"}