The history of finance capital in the People's Republic of China

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Is China immune to the crisis?
ICFTU Online..., 032/980206/LD, 6 February 1998. Unlike the region's economic tigers, China has solid reserves, estimated at 140 billion dollars, for an external debt of 115 billion dollars. There is good reason to be cautious, however. Foreign direct investment, of which China has been one of the foremost beneficiaries over the last few years, may dry up.
China's bankruptcy law: Workers' interests come first
By Deirdre Griswold, Workers World, 4 February 1999. A large state corporation has gone bankrupt in People's China, and some 60 foreign banks that had loaned it money are furious. The banks had expected the Chinese government to bail out the company and put them first on the list of creditors to be paid. But that's not what happened.
Billions lie idle in China due to nonconvertible currency
Asia Pulse/XIC, Asia Times, 26 February 1999. International floating funds cannot enter the Chinese market due to the inconvertibility of the renminbi on the capital account and therefore China's money market has been little affected by fluctuations on the international money market.
Beijing launches nationwide lottery to support welfare
The Straits Times, 3 September 2000. The Chinese communist government bans casinos, betting on horse racing and other forms of gambling. But it has made an exception with lotteries, seeing them as a tool for financing China's growing social-welfare needs. Besides banks, tickets were also sold in shops and at street outlets. The chances of winning a prize were about one in six.
China's Fiscal Revenue Surges in First Five Months
Xinhua, 28 June 2001. The budget surplus for January-May was more than twice the figure for the same period of last year. The rapid increase of fiscal revenue was due to healthy economic growth so far this year. The imbalance of revenue growth among different regions and the slowdown of the world economy are likely to drag down the growth of revenue in the latter half of the year.
China to Step Up Reforms on Financial, Banking Industries
China News Digest, 9 February 2002. Chinese government has decided to go ahead with it reform plan for the next five to ten years on the financial and banking industries. Strengthening financial supervision and administration, further reforming the nation's financial institutes, reducing financial risks and improving the financial sector.