China’s Unavoidable Financial Rise — Zhang Jun

A decade ago, few economists were bullish about the growth of China’s external financial strength. But the government’s commitment to capital-market opening and renminbi internationalization – together with China’s sheer size – have fueled a rapid financial rise that will only continue....

Project Syndicate
China’s Unavoidable Financial Rise
Zhang Jun, Dean of the School of Economics at Fudan University, is Director of the China Center for Economic Studies, a Shanghai-based think tank.