Ineffective Finance, Financial Leakage and China's Economic Growth

摘要

In the gradual process of our transition economy, it presents the phenomenon that financial low efficiency and economy of the high-growth coexist. It's believed in the article that under the condition that our country implements strong control over financial policy with unique high savings, financial leakage occurs in public economy system and gets kept by non-public economy which is outside the system, making informal correction to financial allocation efficiency. This results in the coexistence of financial low efficiency and economic high-growth. From the angle of financial non-regular leak, the article analyzed the economic transition process of economic growth in China and put forward suggestions and countermeasures on financial efficiency improvement or development.