Banks made biggest contribution to Chinese growth

Banks have had a greater impact on Chinese growth than other financial institutions, research published by the Bank of Finland finds.

China's financial reforms benefited banks earlier and more profoundly than other institutions, giving them an opportunity to contribute more to growth.

The research takes data from 27 Chinese provinces between 1995 and 2003 to assess the impact of banks and other financial institutions on local economic growth.

To read the research, click here

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