Title

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

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Full-text Version

Publisher’s Version

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