TY - BOOK ID - 136125543 TI - Capitalizing China. AU - Fan, Joseph P. H. AU - Morck, Randall PY - 2013 SN - 1283657724 0226237265 9780226237268 6613970220 9786613970220 9781283657723 0226237249 9780226237244 9780226237244 PB - Chicago University of Chicago press DB - UniCat KW - Mixed economy KW - China KW - Economic conditions KW - Economic policy KW - china, economics, economic growth, communism, socialism, capitalism, central government planning, middle class, labor, commerce, industry, financial market, state owned business, communist party, regulations, corporate governance codes, bankruptcy laws, taxation, disclosure, mixed economy, public policy, prosperity, nation building, stock markets, securities, capital accumulation, saving rates, banking, finance, nonfiction, history. UR - https://www.unicat.be/uniCat?func=search&query=sysid:136125543 AB - China's economic boom over the last two decades has taken many analysts by surprise, given the ongoing role of central government planning. Its current growth trajectory suggests that the size of its economy could soon surpass that of the United States. Some argue that continued growth and the expanding middle class will ultimately exert pressure on the government to bring about greater openness of the financial market. To better understand China's recent economic performance, this volume examines the distinctive system it has developed: "market socialism with Chinese characteristics." While its formal institutional makeup resembles that of a free-market economy, many of its practices remain socialist, including strategically placed state-owned enterprises that wield influence both directly and through controlled business groups, and Communist Party cells whose purpose is to maintain control of many segments of the economy. China's economic system, the contributors find, also retains many historical characteristics that play a central role in managing the economy. These and other issues are examined in chapters on China's financial regulations, corporate governance codes, bankruptcy laws, taxation, and disclosure rules. ER -