Based on a macro-model in terms of China's financial development, rural financial development and farmer income growth, this paper aims to identify the real relationships between the financial development and farmer income growth in China over the period 1952—2003. Using annual national time-series data, Co-integration Tests, Granger Causality Tests and VAR analysis indicate that China financial development has definitely negative effects on the farmer income growth.
Through and research of monetary policy and fiscal policy in the Chinese financial development process and the effect it has brought to the economic development,conclusions can be made as follows: the long term balance of board monetary supply and the GDP economic development index sustained the local economic development model;
After entering into WTO, the main problem that Chinese financial development confronts is how to increase international competition capability as well as to maintain national financial safety in the future development.
Finance market is the nerve center to market economy and kernel of capital operation.China's financial system was origenated form plan economy,it allocated financial resource mainly by fiscs but banks.The on going reform of institution has now impose a arduous task on it and five misunderstandings in the process need to be recognized.That is bank only be run by government,state-owned banks only lend money to state-owned enterprises,loans only be allowed with mortgage in kind,be inactrive in extending credit...
The mainstream of China's financial reform is an innovative transformation from plans to markets.For 20 years,the reform in the financial field has spurted its development,changed its operational environment and motivated its demand-supply interaction system.In the 21 st century,the said financial innovation needs further research,especially its characteristic evolution in a new era.They are:theories and challenges in the tenth Five-Year Plan period,WTO problems,implementing our financial units,markets...
The financial structure embodies the situation of financial development. To some extent, it not only reflects the levels of financial and economic development and the depth of economy financialization. So it is very important to conduct researches on the objective laws of financial development and analyze the financial structure. Financial structure analysis must be based on the total social financial assets. The analyzing indexes are a series of open index systems of which every index reflects a different ...