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Market Integration in the People's Republic of China

Market Integration in the People's Republic of China
Author: Qingqing Chen
Publisher:
Total Pages: 0
Release: 2022
Genre:
ISBN:

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Over the last 3 decades, the product, labor, and capital markets of the People's Republic of China have become gradually more integrated within its borders, though integration has been significantly slower for capital markets. There remains a significant urban-rural divide, and cities in the PRC tend to be undersized by international standards. The PRC has also integrated globally, initially through its special economic zones on the coast as launching grounds to connect with world markets, and subsequently through the PRC's accession to the World Trade Organization. For future policy considerations, we argue that its economic production needs to be spatially concentrated, and its social services need to be spread out to the interior to ensure harmonious development and domestic integration, through inclusive rural-urban transformations and effective territorial development.


The Future of China's Bond Market

The Future of China's Bond Market
Author: Mr. Alfred Schipke
Publisher: International Monetary Fund
Total Pages: 52
Release: 2019-03-13
Genre: Business & Economics
ISBN: 151358278X

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China’s bond market is destined to play an increasingly important role, both at home and abroad. And the inclusion of the country’s bonds in global indexes will be a milestone for its financial market integration, bringing big opportunities as well as challenges for policymakers and investors alike. This calls for a good understanding of China’s bond market structure, its unique characteristics, and areas where reforms are needed. This volume comprehensively analyzes the different segments of China’s bond market, from sovereign, policy bank, and credit bonds, to the rapidly growing local government bond market. It also covers bond futures, green bonds, and asset-backed securities, as well as China’s offshore market, which has played a major role in onshore market development.


Holding China Together

Holding China Together
Author: Barry J. Naughton
Publisher: Cambridge University Press
Total Pages: 318
Release: 2004-07-26
Genre: Political Science
ISBN: 1139454501

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Despite many predictions of collapse and disintegration, China has managed to sustain unity and gain international stature since the Tiananmen crisis of 1989. Originally published in 2004, this volume addresses the 'fragmentation/disintegration thesis' and examines the sources and dynamics of China's resilience. Through theoretically informed empirical studies, the volume's authors look at key institutions for political integration and economic governance. They also dissect how difficult policies to regulate economic and social life (employment and migration, population planning, industrial adjustment, and regional disparities) are designed and implemented. The authors show that China's leaders have retained authoritarian political institutions, but have also reinforced and modified them, constructing fresh ones in the light of changing circumstances. Institutional and policy adaptations together have helped shore up political authority and create an environment for rapid growth, while accommodating growing diversity.


Market Integration in China

Market Integration in China
Author: Qingqing Chen
Publisher:
Total Pages: 28
Release: 2017
Genre:
ISBN:

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Over the last three decades, China's product, labor, and capital markets have become gradually more integrated within its borders, although integration has been significantly slower for capital markets. There remains a significant urban-rural divide, and Chinese cities tend to be under-sized by international standards. China has also integrated globally, initially through the Special Economic Zones on the coast as launching grounds to connect with world markets, and subsequently through the accession to the World Trade Organization. For future policy considerations, this paper argues that its economic production needs to be spatially concentrated, and its social services need to be spread out to the interior to ensure harmonious development and domestic integration (through inclusive rural-urban transformations and effective territorial development).


The People's Republic of China Today

The People's Republic of China Today
Author: Zhiqun Zhu
Publisher: World Scientific
Total Pages: 472
Release: 2011
Genre: Political Science
ISBN: 9814313505

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Despite the significant progress it had achieved in the past 60 years, especially in the past 30 years since Deng Xiaoping's reform initiatives in the late 1970s, China faces daunting challenges today. These challenges include, among others, a rigid political system that does not match economic vibrancy, uneven economic growth and widening income gap, a graying population, environmental degradation, potential social instability, ethnic tensions and separatist movement, poor international image, and military modernization. Based on papers originally presented at an international conference held at Bucknell University in Pennsylvania to mark the 60th anniversary of the People's Republic of China (PRC), this book provides an up-to-date, comprehensive, and authoritative assessment of the PRC's political, economic, social, ethnic, energy, security, military, diplomatic and other developments and challenges today. Contributed by scholars and experts in political science, international relations, economics, public administration, history, mass communication, psychology, and diplomacy, the book focuses on the efforts needed by China to grow in a sustainable manner and to become a respected global power. With each chapter addressing a different and yet an inter-related issue of the PRC's development, this book aims to make a significant contribution to the understanding of key challenges the country faces today as it strives to become a global power.


People’s Republic of China—Hong Kong Special Administrative Region

People’s Republic of China—Hong Kong Special Administrative Region
Author: International Monetary Fund
Publisher: International Monetary Fund
Total Pages: 85
Release: 2002-05-15
Genre: Business & Economics
ISBN: 1451816839

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This Selected Issues paper examines the economic integration between Hong Kong Special Administrative Region (SAR) and the Mainland of China. Hong Kong SAR’s economic links with the Mainland expanded rapidly in the 1980s and in the first part of the 1990s, with Hong Kong SAR becoming the most important trade and international fundraising center for the Mainland. Since Hong Kong SAR’s return to China’s sovereignty, integration between the two economies has deepened, notwithstanding the Asian crisis.


China's Growth and Integration Into the World Economy

China's Growth and Integration Into the World Economy
Author: Eswar Prasad
Publisher: International Monetary Fund
Total Pages: 80
Release: 2004-06-17
Genre: Business & Economics
ISBN:

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China’s transformation into a dynamic private-sector-led economy and its integration into the world economy have been among the most dramatic global economic developments of recent decades. This paper provides an overview of some of the key aspects of recent developments in China’s macroeconomy and economic structure. It also surveys the main policy challenges that will need to be addressed for China to maintain sustained high growth and continued global integration.