RESEARCHON THE RELATIONSHIP BETWEEN FINANCIAL DEVELOPMENT AND THE ECONOMIC GROWTH OF CHINA
The article analyzes the success of the Chinese economy after the economic reforms that began in 1978. The factors contributing to the economic growth of the country are considered. Along with the outstanding results of economic reforms in China, the achievements of reforms in the financial system began to manifest themselves. On the basis of the presented statistical data the role of financial reforms is shown in the development of China’s economy. It is concluded about the relationship between the development of the financial system and economic growth.