Financial sector in China - statistics & facts
Compared to Western economies, such as the United States, China鈥檚 financial sector is comparatively small and its history of financial services and financial markets has been relatively short. Before 1978, China was isolated and had a planned economy. In the 1980s, the country began its slow process of economic liberation with the gradual introduction of a market economy which also brought about the development of a financial sector. In recent years, the financial industry has experienced significant development.
