Healing the Achilles Heel: the Politics of China's Banking Reform since 1997

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China's rapid economic growth and gradual integration with the international system, in particular the increasingly strong economic links between Australia and China, means Australia now has a big stake in China's financial and economic stability, especially under the current global financial crisis. By examining the path and process of China's banking and regulatory reform, this project will significantly enhance our capacity to interpret macroeconomic and financial development in China, to support our commitment to states in the Asia Pacific region that are dealing with economic reforms and transition, and more importantly, to exert influence on the desired direction of change in China through engagement with the Chinese polity.