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Market Integration in the People’s Republic of China

Author

Listed:
  • Qingqing Chen
  • Chor-Ching Goh
  • Bo Sun
  • Lixin Colin Xu

Abstract

Over the last 3 decades, the product, labor, and capital markets of the People’s Republic of China have become gradually more integrated within its borders, though integration has been significantly slower for capital markets. There remains a significant urban–rural divide, and cities in the PRC tend to be undersized by international standards. The PRC has also integrated globally, initially through its special economic zones on the coast as launching grounds to connect with world markets, and subsequently through the PRC’s accession to the World Trade Organization. For future policy considerations, we argue that its economic production needs to be spatially concentrated, and its social services need to be spread out to the interior to ensure harmonious development and domestic integration, through inclusive rural–urban transformations and effective territorial development.

Suggested Citation

  • Qingqing Chen & Chor-Ching Goh & Bo Sun & Lixin Colin Xu, 2011. "Market Integration in the People’s Republic of China," Asian Development Review (ADR), World Scientific Publishing Co. Pte. Ltd., vol. 28(01), pages 72-93, June.
  • Handle: RePEc:wsi:adrxxx:v:28:y:2011:i:01:n:s0116110511500041
    DOI: 10.1142/S0116110511500041
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    Cited by:

    1. Yang Mestre Zhou & Roman Mestre, 2024. "A continuous wavelets approach of China opening reforms effects on relationships between mainland Chinese stock exchanges and Hong Kong," Economics Bulletin, AccessEcon, vol. 44(1), pages 430-465.

    More about this item

    JEL classification:

    • F2 - International Economics - - International Factor Movements and International Business
    • L1 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance
    • J4 - Labor and Demographic Economics - - Particular Labor Markets
    • H7 - Public Economics - - State and Local Government; Intergovernmental Relations
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • O5 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies
    • P5 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems
    • R1 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics

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