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The unconventional Chinese monetary policy in the global context

The Chinese economy, being the second largest in the world, has its definitely unique features. It is not completely a market economy, and yet it has been undergoing transition during the past three decades. The rapid growth of the Chinese economy has been supported by China’s unconventional monetary policies. During the past five years since the outbreak of the global financial crisis, the unconventional nature of the Chinese monetary policy has been accentuated in many respects.