A timely and insightful analysis of the Chinese monetary system and the ongoing efforts to reform and modernize it. The authors, all experts in economics and finance, provide a critical assessment of the challenges and opportunities facing China as it seeks to create a reliable and stable currency regime that can support its ambitious economic development plans. This book is a must-read for anyone interested in understanding the current state of the Chinese economy and the role of monetary policy in shaping its future. This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work is in the "public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.