A thoroughly researched study of the banking system over the period from 1978 to early 1990. . . . Holz's work deserves to be read widely by analysts from both the traditional and econometric schools. --Australian Journal of Chinese AffairsA timely book for specialists on China's economy. . . . An indispensable book for those who focus on China's monetary policy and financial system. . . . The richness of detail distilled from a huge amount of background materials . . . helps the reader to overcome the difficult language barrier and savor the reality of central banking in China. --China Review International
An excellent study of how the People's Bank of China carries out its unenviable task of ensuring monetary stability for China's vast area and population. --The China Quarterly