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- W2270932428 abstract "This article critically evaluates the Chinese securities markets. It concludes that if the Chinese securities markets are to be competitive with those of other Western and Asian countries, the Chinese government must implement three changes. First, the government must allow the marketplace to decide which companies will go public rather than having that function controlled by the state. Second, corporate managers of public companies must be responsible to their shareholders rather than the state. And, third, the Chinese government must establish a strong enforcement program to prevent abuses inherent in the free marketplace. Without implementation of these three factors, the author concludes that the Chinese securities markets are destined to fail and return to the era of doctrinaire communist economics." @default.
- W2270932428 created "2016-06-24" @default.
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- W2270932428 date "1999-03-16" @default.
- W2270932428 modified "2023-09-25" @default.
- W2270932428 title "Is China Entering the Free Market" @default.
- W2270932428 hasPublicationYear "1999" @default.
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