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Page 2 and 3: Draft August 2001Are China’s Fina
Page 6: analyze changes in the degree of fi
Page 10 and 11: which is of great interest to those
Page 12 and 13: deposits of surplus funds in higher
Page 14 and 15: time. This is not to say that house
Page 16 and 17: We find that from 1994 to 1997 the
Page 18 and 19: survey found an average overdue rat
Page 20 and 21: different provinces, both conducted
Page 22 and 23: of banks to provide new loans. The
Page 24 and 25: We also examine the components of i
Page 26 and 27: decisions that increase branch prof
Page 28 and 29: anches. Note that our sample size d
Page 30 and 31: What are then the implications of o
Page 32: greater scope for reforms that can
Page 37 and 38: Table 2Financial Intermediation Ind
Page 39 and 40: Table 4Loan-Deposit Ratios, 1994 an
Page 41 and 42: Table 7Decomposition of Changes in
Page 43 and 44: Table 9Governance by Income Quartil
Page 45 and 46: Table 11Changes in Governance betwe

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