[Home]History of Peoples Republic of China/talk

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Revision 3 . . November 20, 2001 5:12 am by AstroNomer [Any economist around?]
Revision 2 . . November 19, 2001 2:40 pm by Chenyu
Revision 1 . . November 19, 2001 2:39 pm by Chenyu
  

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Added: 2a3,8


I'm not familiar with the reforms at all, but I don't think that
saying that the creation of a central banks means centralization is accurate. Most free market aconomies have a Central Bank
(in the case of the US it is called the Federal Reserve),
often independent from the goverment that regulates the monetary policy, but doesn't take the place of the rest of the banks,
If the central bank you mentioned has other functions, ignore this. Also, an economist should check that.

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