Financial innovation vital for reform

Finance | Zhu Ning

China has achieved phenomenal economic growth over the past 30 years and during that time it has learnt many valuable lessons from both developed economies and developing nations. At the same time, the country has a long, rich history and has learnt considerably from its own successes and failures.

Chinese leaders understand the importance of financial markets and started designing, creating and regulating financial markets many years ago. Now that China has accomplished its first phase of economic growth, it seems to be turning to finance to catapult itself to the next stage.