| | PROBLEMS OF MODERN ECONOMICS, N 3 (67), 2018 | | FINANCE AND CREDIT SYSTEM: BUDGET, CURRENCY AND CREDIT REGULATION OF ECONOMY, INVESTMENT RESOURCES | | Sokolov B. I. Chair of Credit Theory and Financial Management, Department of Economics, St. Petersburg State University, PhD (Economics), Professor Nazarov O. V. Translator, OOO «Hua Sheng», Master of economics
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| The article discusses the stages in formation of the Central Bank of the People’s Republic of China, the central bank of the country, its role in creating favorable conditions for the growth of Chinese economic power in the world, and turning the country into a modern financial and economic super-power that successfully conquers financial and commodity markets worldwide. In the context of globalization the People’s Bank of China vigorously promotes and defends exporters’ interests, plays the role of proactive representative of the country in a number of international organizations, conducts active money-and-credit policy that allowed yuan to become one of SDR currencies. Analysis of the activities of the Central Bank of the People’s Republic of China allows to apply its experience by the Central Bank of the Russian Federation, as well as to coordinate activities of two banks. | Key words: China, Central Bank, People's Bank of China, mega-regulator, globalization | Pages: 178 - 183 |
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