From scorned to loved? The political economy of the development of the stock market in China
Document Type
Journal article
Source Publication
Global Economic Review
Publication Date
1-1-2009
Volume
38
Issue
4
First Page
409
Last Page
429
Abstract
This paper explains how and why the stock market, which is regarded as the embodiment of capitalism, has been allowed to develop and gain a prominent place among China's financial markets. That development has been consistent with the changing vested interests of the central government in its attempts to collect quasi-fiscal revenue from the financial sector, reflecting the stock market's growing importance as a tax-collection venue.
DOI
10.1080/12265080903391826
Print ISSN
1226508X
E-ISSN
17443873
Publisher Statement
Copyright © 2009 Taylor & Francis
Access to external full text or publisher's version may require subscription.
Full-text Version
Publisher’s Version
Language
English
Recommended Citation
Wong, S. M. L., & Yang, Y. (2009). From scorned to loved? The political economy of the development of the stock market in China. Global Economic Review, 38(4), 409-429. doi: 10.1080/12265080903391826