Market Integration in the People’s Republic of China

22 Pages Posted: 23 Jun 2011

See all articles by Qingqing Chen

Qingqing Chen

Government of the United States of America - Office of the Comptroller of the Currency (OCC)

Chor-Ching Goh

The World Bank

Sun Bo

affiliation not provided to SSRN

Lixin Colin Xu

World Bank - Development Research Group (DECRG)

Date Written: June 2011

Abstract

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.

Keywords: market integration, economic cooperation, domestic integration, labor

JEL Classification: F2, L1, J4, H7, O1, O5, P5, R1

Suggested Citation

Chen, Qingqing and Goh, Chor-Ching and Bo, Sun and Xu, Lixin Colin, Market Integration in the People’s Republic of China (June 2011). Asian Development Review, Vol. 28, No. 1, pp. 72-93, 2011, Available at SSRN: https://ssrn.com/abstract=1869471 or http://dx.doi.org/10.2139/ssrn.1869471

Qingqing Chen (Contact Author)

Government of the United States of America - Office of the Comptroller of the Currency (OCC) ( email )

400 7th Street SW
Washington, DC 20219
United States

Chor-Ching Goh

The World Bank ( email )

1818 H Street, N.W.
Washington, DC 20433
United States

Sun Bo

affiliation not provided to SSRN ( email )

Lixin Colin Xu

World Bank - Development Research Group (DECRG) ( email )

1818 H Street, N.W.
MC 3-427
Washington, DC 20433
United States
202-473-4664 (Phone)
202-522-1155 (Fax)

HOME PAGE: http://econ.worldbank.org/staff/cxu

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