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Record Nr. |
UNINA9910820403003321 |
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Titolo |
Capitalizing China / / edited by Joseph P.H. Fan and Randall Morck |
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Pubbl/distr/stampa |
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Chicago ; ; London, : University of Chicago Press, 2013 |
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ISBN |
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1-283-65772-4 |
0-226-23726-5 |
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Edizione |
[1st ed.] |
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Descrizione fisica |
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1 online resource (401 p.) |
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Collana |
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National Bureau of Economic Research Conference Report |
National Bureau of Economic Research conference report |
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Altri autori (Persone) |
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FanJoseph P. H |
MorckRandall |
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Disciplina |
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Soggetti |
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Mixed economy - China |
China Economic conditions 1976-2000 |
China Economic conditions 2000- |
China Economic policy 1976-2000 |
China Economic policy 2000- |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Description based upon print version of record. |
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Nota di bibliografia |
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Includes bibliographical references and indexes. |
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Nota di contenuto |
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Introduction : translating market socialism with Chinese characteristics into sustained prosperity / Joseph P.P. Fan, Randall Morck, and Bernard Yeung -- The governance of China's finance / Katharina Pistor ; comment Zheng Song -- China's financial system : opportunities and challenges / Franklin Allen, Jun (QJ) Qian, Chenying Zhang, and Mengxin Zhao ; comment Chenggang Xu -- Assessing China's top-down securities markets / William T. Allen and Han Shen ; comment Qiao Liu -- Institutions and information environment of Chinese listed firms / Joseph D. Piotroski and T.J. Wong ; comment Li Jin -- Why are saving rates so high in China? / Dennis Tao Yang, Junsen Zhang, and Shaojie Zhou ; comment Leslie Young -- The Chinese corporate savings puzzle : a firm-level cross-country perspective / Tamim Bayoumi, Hui Tong, and Shang-Jin Wei ; comment Ning Zhu -- Financial strategies for nation building / Zhiwu Chen ; comment Jiahua Che -- Provincial and local governments in China : fiscal institutions and government behavior / Roger H. Gordon and Wei Li ; comment Zhigang Li. |
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Sommario/riassunto |
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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." While its formal institutional makeup resembles that of a free-market economy, many of its practices remain socialist, including strategically placed state-owned enterprises that wield influence both directly and through controlled business groups, and Communist Party cells whose purpose is to maintain control of many segments of the economy. China's economic system, the contributors find, also retains many historical characteristics that play a central role in managing the economy. These and other issues are examined in chapters on China's financial regulations, corporate governance codes, bankruptcy laws, taxation, and disclosure rules. |
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