How the People's Bank is shaping China's financial sector

China's external integration and its rising importance in the world economy have spurred renewed interest in the country's domestic economic institutions. In particular, the historical and systemic transition to an open market economy in China has posed unprecedented challenges to the country's central bank, the People's Bank of China. After all, this is the key institution that, apart from adjusting its own role in the transition to a market economy, has to fulfil the task of crafting and execu

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