China's National Balance Sheet (2015) Leverage Adjustment and Risk Management [Hardcover]

The book aims at perfecting the national governance system and improving national governance ability. It evaluates the balance sheets of the state and residents, non-financial corporations, financial institutions and the central bank, the central government, local government and external sectors  the goal being to provide a systematic analysis of the characteristics and trajectory of Chinas economic expansion and structural adjustment, as well as objective assessments of short and long-term economic operations, debt risks and financial risks with regard to the institutional and structural characteristics of economic development in market-oriented reform. It puts forward a preliminary analysis of Chinas national and sectoral balance sheets on the basis of scientific estimates of various kinds of data, analyzes from a new perspective the major issues that are currently troubling China  development sustainability, government transformation, local government debt, welfare reform, and the financial opening-up and stability  and explores corresponding policies, measures, and institutional arrangements.?Chapter 1 Main Report.- Chapter 2 National Balance Sheet.- Chapter 3 Sovereign Balance Sheet.- Chapter 4 Whole Society Leverage Ratio.- Chapter 5 Local Government Balance Sheet.Li Yang, PhD in economics, CASS academician, member of the International Eurasian Academy of Sciences, President of the National Finance and Development Laboratory, and former vice president of CASS. His major research areas include banking, macroeconomics and finance. He has won the Sun Yefang Fiscal Science Awards five times, and the China Soft Science Award and Sun Yefang Financial Innovation Award in 2015.