Investigates the impact of financial technology on job creation, income distribution, and consumer welfare in China. The book also examines larger systemic issues such as monetary policy, stability of the banking sector, and international trade and payments.

This book is the product of a joint research project between economists at the National School of Development, especially the affiliated Institute of Digital Finance at Peking University and the Brookings Institution. It investigates the impact of financial technology on job creation, income distribution, and consumer welfare in China. It also examines larger systemic issues such as monetary policy, stability of the banking sector, and international trade and payments.