Home / Opinion / Columns / China's pursuit of global finance

China's pursuit of global finance

The swift liberalisation of China's financial market could have unintended consequences for India and the world

Finance, financial market, economy, china

Premium

illustration: Binay Sinha

6 min read Last Updated : Feb 04 2021 | 10:19 PM IST

These columns have regularly followed the ongoing liberalisation of China’s financial sector and progress in the internationalisation of the Chinese currency (see, for instance, “Translating Economic Scale into Financial Heft”, Business Standard, December 19, 2019). Several key reforms have been put in place in recent months offering greater participation to foreign entities into China’s large and expanding banking, insurance and financial services industry.

These opportunities are well-timed as China offers returns that are unavailable in the rest of the world, particularly in the post-pandemic economic environment. Among large economies, only China will register a positive growth in gross domestic product (GDP)

Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

Topics : China Liberalisation financial market India

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in