1. Red capital.
- Author
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James, David and Carroll, Alan
- Subjects
- *
CAPITAL market , *BOND market , *BANKING industry ,ECONOMIC conditions in China - Abstract
The article discusses the development of the banking system and the capital market in China. China is faced with three choices, first it could become a global entrepreneurial state, a managerial state similar to the European Union or a national mercantile state like Japan and the Asian Tigers. At present, the stock and bond market is negligible, private equity is emerging and venture-capital markets are small.
- Published
- 2006