Market Integration in China
28 Pages Posted: 20 Apr 2016
Date Written: April 1, 2011
Abstract
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).
Keywords: Economic Theory & Research, Banks & Banking Reform, Debt Markets, Emerging Markets, Access to Finance
Suggested Citation: Suggested Citation
Do you have a job opening that you would like to promote on SSRN?
Recommended Papers
-
Politician Control, Agency Problems, and Ownership Reform: Evidence from China
By Lixin Colin Xu, Tian Zhu, ...
-
Politician Control, Agency Problems and Ownership Reform: Evidence from China
By Lixin Colin Xu, Tian Zhu, ...
-
Asymmetric Property Rights in China's Economic Growth
By Xiaobo Zhang
-
By Xiao-yuan Dong and Lixin Colin Xu
-
By Xiao-yuan Dong and Lixin Colin Xu
-
Institutions and Foreign Direct Investment: China Versus the Rest of the World
By Joseph P. H. Fan, Randall Morck, ...
-
By Johannes Moenius and Daniel Berkowitz
-
Integration of Rice Markets: The Case of Southern China
By Z. Y. Zhou, G. H. Wan, ...
