Web, De. Yong Peng

Since the beginning of the reform and opening-up policy, China has confirmed its ability to change through very high economic growth and relatively low inflation rates. The People's Bank of China, as the Chinese central bank, has made an outstanding contribution to economic development through its monetary policy. Due to the different economic and financial structure compared to Western countries, the functioning and logic of Chinese monetary policy is characterized by a number of special features. This book provides an...