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| Tekijä: | Graham, E. Liu, L. |
| Otsikko: | Opening China's bond market - catalyst to further reform and a jumpstart to the stalled WTO accession negotiations |
| Lehti: | Journal of World Trade
1998 : AUG, VOL. 32:4, p. 5-20 |
| Asiasana: | TRADE CHINA BOND MARKETS |
| Kieli: | eng |
| Tiivistelmä: | Three pressing economic problems beset newly installed Chinese premier Zhu RongJi at the start of his tenure. Among China's nascent -- and very inefficient -- capital markets, the bond market is in fact the least developed. The existence of a deeper market, as will be developed, is a prerequisite for reform of the State-owned enterprises and to the solution of the non-performing loan problem of the state-owned banks. Such a market is also necessary for implementation of effective macroeconomic policies. |
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