Market Integration in the People’s Republic of China. Asian Development Review, Vol. 28(1), pp. 72-93
Chen, Qingqing; Go, Chor-Ching; Sun, Bo; Xu, Lixin Colin | March 2011
Abstract
Over the last 3 decades, the product, labor, and capital markets of the People’s
Republic of China (PRC) 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
Citation
Chen, Qingqing; Go, Chor-Ching; Sun, Bo; Xu, Lixin Colin. 2011. Market Integration in the People’s Republic of China. Asian Development Review, Vol. 28(1), pp. 72-93. © Asian Development Bank. http://hdl.handle.net/11540/1659. License: CC BY 3.0 IGO.Citable URI
http://hdl.handle.net/11540/1659Metadata
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