Financial-growth Nexus in China

China began its current economic reform in the late 1970s. Since initiating itsreforms China has restructured its banking sector while launched equitymarket in early 1990s. China has been experiencing a rapid growth at anaverage rate over 8 percent per annum during the last two decades. Does thedevelopment of financial intermediaries contribute to the economic growthin China? This study examines how financial intermediaries in China influencethe real sector growth. A particular focus is mainly set up on the direction ofcausality between banking sector and/or stock market and economic growth.The analysis should help to answer the questions: - Does each economic regionin China adopt the same growth pattern? - Does the development ofbanking sector lead to the real sector growth? - Is the development of bankingsector a product of economic growth? - Does the same direction offinancial-growth causality apply to the entire country? - Does the developmentof stock market lead to the economic growth? What kind of role hasthe stock market been performing in China's economic growth? The book isaddressed to economic analysts and researchers who are interested instudying the financial-growth nexus in the context of China in a statisticalmanner.