Skip to Main Content
The inaugural China-U.S. Symposium was held at the Diaoyutai State Guesthouse in Beijing, China, at a time of increasing economic growth in both China and the United States. In the months before the Symposium, the Chinese government had taken steps to limit the extension of bank credit in China in an effort to slow down China’s high growth rate, and China’s State-Owned Banks were in the process of disposing of their NPLs to improve their balance sheets. The first session at the Symposium focused on the development of a market-based financial system in China, and there was consensus of optimism over China’s ability to avoid a financial system crisis. The second session addressed corporate governance issues, which China and the United States approach from different directions. The Symposium concluded with a session discussing the need for—and possible timing of—China’s liberalization of controls on outward capital flows and the floating of its currency. The broad-ranging discussion in Session 1 focused on moving to a market-based financial system in China. At the outset, participants noted that ...more...
• The Role of the Financial Systems of China and the U.S. in the Development of Their Economies
• The Approach of the Financial Systems of China and the U.S. to Fostering Corporate Governance and Serving Multiple
• How Financial Issues Between China and the U.S. Affect the Flow of Investment and Trade
Back to Top