| ID | 144571 |
| Title Proper | Systematic politicization of China’s stock markets |
| Language | ENG |
| Author | Zhou, Hong ; Li, Guoping |
| Summary / Abstract (Note) | The paradox that the performance of China’s stock market has not matched the performance of China’s real economy has been puzzling. This article argues that one of the major causes of the poor performance of China’s stock markets is that ever since their establishment, China’s stock markets have been systematically politicized by the ruling party to promote its political agenda. The mantra of ‘socialism’ of the ruling party has turned the stock markets into a mere fund-raising vehicle largely for failing state-owned enterprises, with investors’ interests being only a secondary consideration. The regulation of stock markets is subject to the principle of maintaining one-party ruling. Such a systematic politicization of stock markets has caused some serious consequences for China’s stock markets and economic growth. |
| `In' analytical Note | Journal of Contemporary China Vol. 25, No.99; May 2016: p.422-437 |
| Journal Source | Journal of Contemporary China Vol: 25 No 99 |
| Key Words | China Economic Growth ; Systematic Politicization ; China’s Stock Markets ; China’s Real Economy |