Böcker av Wen Xiao

This book aims to reveal the dynamic mechanism of China's economic system innovation. It measures the efficiency of Chinäs economic growth under the New Normal with the tools of DEA, SFA, and PCA. The book analyzes the contribution of capital, labor, and productivity to China's economic growth by Solow residual value method and the power source of China's economic development under the New Normal. In this book, it adopts the vertical integration of logical thinking, combined with the horizontal diversification of topics, to show a brand-new research method.

This book focuses on the innovative development of microfinance in China and takes Luqiao District, Taizhou as the example to sum up Chinese experiences in the local innovative development of microfinance and the application of that experience nationwide. Based on theoretical research regarding microfinance, this book analyzes the history and current situation of the development of microfinance in Luqiao District, and places emphasis on proceeding from three-pronged positioning, five characteristics and three major modes of microfinance¿s innovative development in Luqiao District to explore and summarize the Luqiao story of microfinance. Subsequently, this book takes five perspectives¿the innovative development of small and medium-sized banks, the innovative development of non-banking financial institutions, the roles of private capital, the policies of the local government and cooperation between the Chinese Mainland and Taiwan¿to analyze the experience and paths for helping the development of small and micro enterprises. Finally, based on the conclusions of the research, this book presents some inspirations from the innovative development of microfinance in Luqiao District and future prospects. This book will interest economists, scholars of Chinäs economic model, and banking sector analysts.