Computerize Financial Management*
*Excerpt from remarks made when inspecting the China National Clearing Center at the People's Bank of China.
June 1, 1993
The first thing that needs to be done to create a satellite financial communications network is to further unify our understanding, because at present people do not sufficiently realize the importance and urgency of this project. I believe this is due to our being in the midst of a transition from an old to a new economic system. During this transition period, it is not surprising if we fall behind in some areas, problems arise or our management is somewhat chaotic. This is because old ways of doing things are gradually losing their effectiveness and new mechanisms are not fully in place. When ...
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