Do China’s Financial Markets Need More Freedom and Less Government Regulation?

While China’s manufacturing sector booms and people sock away money in savings accounts the country’s financial markets remain in their infancy according to international finance experts who gathered at the recent 2008 Wharton China Business Conference. One reason for the relative underdevelopment of China’s capital markets they note is the role of the country’s powerful central government. ”Regulators are not comfortable letting the market do its own work ” noted one conference participant.

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