China's hybrid capital markets
Kumar, Anjali | Kwang Jun | Leilynne Lau
China's capital markets have taken off since their emergence in the early 1990s. But they are losing steam because China's experimental system, a hybrid of market forces operating within a planned economy, is at odds with itself. If its capital markets are to thrive, China will need to complete its macroeconomic house-cleaning, intervene less in its securities markets, and regulate more effectively.
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