01885cas a2200253 a 4500 AALejournalIMF001830 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451859874 1018-5941 BD-DhAAL BD-DhAAL Aziz, Jahangir. Growth-Financial Intermediation Nexus in China / Jahangir Aziz, Christoph Duenwald. Washington, D.C. : International Monetary Fund, 2002. 1 online resource (16 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper studies the relationship between economic growth and financial development in China during the post-1978 reform period. Recent studies, based on cross-country data, have found a positive association between these two variables. We find that while a positive correlation between growth and financial intermediation exists in China, the association is more apparent than real. The nonstate sector, which contributed most to China's remarkable growth during this period, did not use the domestic financial system in any substantial way for financing. The same appears to be true for the faster-growing provinces. Compared to foreign investment, domestic private credit played a relatively small, although statistically significant, role in financing the nonstate sector and fast-growing provinces. Mode of access: Internet Duenwald, Christoph. IMF Working Papers; Working Paper ; No. 2002/194 Full text available on IMF http://elibrary.imf.org/view/journals/001/2002/194/001.2002.issue-194-en.xml IMF e-Library