Capitalizing China
By: edited by Joseph P.H. Fan and Randall Morck
Contributors: National Bureau of Economic Research
Series: National Bureau of Economic Research conference report; National Bureau of Economic Research conference report
Publisher: University of Chicago Press
Published: 2012
Place of publication: Chicago; London
Language: eng
Number of pages: 387
ISBN-13: 9780226237244; 9780226237268
Subjects: Mixed economy; Economic policy; Economic conditions
Description: China's economic boom over the last two decades has taken many analysts by surprise, given the ongoing role of central government planning. Its current growth trajectory suggests that the size of its economy could soon surpass that of the United States. Some argue that continued growth and the expanding middle class will ultimately exert pressure on the government to bring about greater openness of the financial market. To better understand China's recent economic performance, this volume examines the distinctive system it has developed: market socialism with Chinese characteristics.
Notes: Includes bibliographical references and index.
Table of contents: title: Introduction : translating market socialism with Chinese characteristics into sustained prosperity / Joseph P.P. Fan, Randall Morck, and Bernard Yeung; title: The governance of China's finance / Katharina Pistor ; comment Zheng Song; title: China's financial system : opportunities and challenges / Franklin Allen, Jun (QJ) Qian, Chenying Zhang, and Mengxin Zhao ; comment Chenggang Xu; title: Assessing China's top-down securities markets / William T. Allen and Han Shen ; comment Qiao Liu; title: Institutions and information environment of Chinese listed firms / Joseph D. Piotroski and T.J. Wong ; comment Li Jin; title: Why are saving rates so high in China? / Dennis Tao Yang, Junsen Zhang, and Shaojie Zhou ; comment Leslie Young; title: The Chinese corporate savings puzzle : a firm-level cross-country perspective / Tamim Bayoumi, Hui Tong, and Shang-Jin Wei ; comment Ning Zhu; title: Financial strategies for nation building / Zhiwu Chen ; comment Jiahua Che; title: Provincial and local governments in China : fiscal institutions and government behavior / Roger H. Gordon and Wei Li ; comment Zhigang Li.