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Essay / Research Paper Abstract
This 10-page paper discusses China, its financial markets and government control of the economy. Also discussed is Hong Kong and the state of its financial markets since it reverted back to Chinese governance in 1997. Bibliography lists 8 sources.
Page Count:
10 pages (~225 words per page)
File: D0_MTchfire.rtf
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Unformatted sample text from the term paper:
To a large extent, the Chinese economy and financial markets have been under rigid control of government interests --as has Chinese industry.
But things are beginning to change in Chinas financial world, although the change is slow in coming. The financial markets, once under control of the government through one very large
bank, is beginning to soften. Competition is slowly starting to increase and China has its own stock market - companies that were once owned by the state can now be
offered to others through the stock market. As with other reforms in China however, financial reform is slow in coming - the
government still has a tight grip on fiscal and monetary policies of China and financial markets are still restricted. But comparing the markets of todays China versus the China of
the late 1940s and early 1950s following creation of the Peoples Republic of China under Mao Zedong is like comparing the America dollar to the Chinese yuan. Both are money,
yet both are vastly different. This paper will examine the Chinese financial markets and economics and will determine if financial reforms are
having an impact on the Chinese economy. Well also touch somewhat on Hong Kong to determine how Chinas economic policies and financial markets have impacted this country which was once
a British province. Chinas financial markets - an overview Following creation of the Peoples Republic of China in 1949, the Chinese financial
system was strongly centralized (Chenghui, 1998). The central bank was connected strongly with the government with the main goal of supporting the countrys growth (Chenghui, 1998). This was no surprise,
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