LEADER 04631nam 2200769 a 450 001 9910974380803321 005 20240313053014.0 010 $a9781283657723 010 $a1283657724 010 $a9780226237268 010 $a0226237265 024 7 $a10.7208/9780226237268 035 $a(CKB)2670000000275441 035 $a(EBL)1040696 035 $a(OCoLC)813536027 035 $a(SSID)ssj0000759260 035 $a(PQKBManifestationID)12315954 035 $a(PQKBTitleCode)TC0000759260 035 $a(PQKBWorkID)10784482 035 $a(PQKB)11048223 035 $a(StDuBDS)EDZ0000099435 035 $a(DE-B1597)524294 035 $a(OCoLC)990530263 035 $a(DE-B1597)9780226237268 035 $a(Au-PeEL)EBL1040696 035 $a(CaPaEBR)ebr10611370 035 $a(CaONFJC)MIL397022 035 $a(NBER)w17687 035 $a(MiAaPQ)EBC1040696 035 $a(Perlego)1851273 035 $a(EXLCZ)992670000000275441 100 $a20120305d2013 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 00$aCapitalizing China /$fedited by Joseph P.H. Fan and Randall Morck 205 $a1st ed. 210 $aChicago ;$aLondon $cUniversity of Chicago Press$d2013 215 $a1 online resource (401 p.) 225 0 $aNational Bureau of Economic Research Conference Report 225 0$aNational Bureau of Economic Research conference report 300 $aDescription based upon print version of record. 311 08$a9780226237244 311 08$a0226237249 320 $aIncludes bibliographical references and indexes. 327 $aIntroduction : 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. 330 $aChina's economic boom over the last two decades has taken many analysts by surprise, given the ongoing role of central government planning. Its current growth trajectory suggests that the size of its economy could soon surpass that of the United States. Some argue that continued growth and the expanding middle class will ultimately exert pressure on the government to bring about greater openness of the financial market. To better understand China's recent economic performance, this volume examines the distinctive system it has developed: "market socialism with Chinese characteristics." While its formal institutional makeup resembles that of a free-market economy, many of its practices remain socialist, including strategically placed state-owned enterprises that wield influence both directly and through controlled business groups, and Communist Party cells whose purpose is to maintain control of many segments of the economy. China's economic system, the contributors find, also retains many historical characteristics that play a central role in managing the economy. These and other issues are examined in chapters on China's financial regulations, corporate governance codes, bankruptcy laws, taxation, and disclosure rules. 410 0$aNBER-Conference Report 606 $aMixed economy$zChina 607 $aChina$xEconomic conditions$y1976-2000 607 $aChina$xEconomic conditions$y2000- 607 $aChina$xEconomic policy$y1976-2000 607 $aChina$xEconomic policy$y2000- 615 0$aMixed economy 676 $a330.951 701 $aFan$b Joseph P. H$0858021 701 $aMorck$b Randall$01805836 712 02$aNational Bureau of Economic Research. 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910974380803321 996 $aCapitalizing China$94368399 997 $aUNINA