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来源类型Working Paper
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DOI10.3386/w17687
来源IDWorking Paper 17687
Capitalizing China
Joseph Fan; Randall Morck; Bernard Yeung
发表日期2011-12-22
出版年2011
语种英语
摘要Despite a vast accumulation of private capital, China is not embracing capitalism. Deceptively familiar capitalist features disguise the profoundly unfamiliar foundations of "market socialism with Chinese characteristics." The Chinese Communist Party (CCP), by controlling the career advancement of all senior personnel in all regulatory agencies, all state-owned enterprises (SOEs), and virtually all major financial institutions state-owned enterprises (SOEs), and senior Party positions in all but the smallest non-SOE enterprises, retains sole possession of Lenin's Commanding Heights. This manuscript introduces the chapters comprising the NBER volume Capitalizing China (Fan and Morck, eds. 2012), which examine China's high savings rate, banking system, financial markets, financial regulations, corporate governance, and public finances; and consider policy alternatives the CCP might consider if its goal is China's elevation into the ranks of high income countries.
主题Financial Economics ; Public Economics ; Labor Economics ; Labor Market Structures ; Other ; Law and Economics ; History ; Financial History ; Economic Systems
URLhttps://www.nber.org/papers/w17687
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/575362
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Joseph Fan,Randall Morck,Bernard Yeung. Capitalizing China. 2011.
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