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From Policy-driven Opening to Institutional Opening – A Discussion on Policy-imposed Distortion in China’s Economic Development

In: China’s Economy in the Post-WTO Environment

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  • Youwen Zhang

Abstract

The book explores the implications of both the extension of the market into key parts of the Chinese economy and the integration of China into the global economy. The main focus of the book is on the role and nature of China’s financial system and its ability to transform enterprise and household behaviour and the performance of investment finance, notably in the context of a two-way flow of foreign direct investment. All the extensive chapters highlight the issue of sustainability – some see the incompleteness of market reform as a problem; others are more willing to accept a pragmatic blending of the operation of the free market and government intervention.

Suggested Citation

  • Youwen Zhang, 2011. "From Policy-driven Opening to Institutional Opening – A Discussion on Policy-imposed Distortion in China’s Economic Development," Chapters, in: Lilai Xu (ed.), China’s Economy in the Post-WTO Environment, chapter 10, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:14270_10
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