Despite a vast accumulation of private capital, China is not embracing capitalism. Deceptively familiar capitalist … introduces the chapters comprising the NBER volume Capitalizing China (Fan and Morck, eds. 2012), which examine China's high … consider policy alternatives the CCP might consider if its goal is China's elevation into the ranks of high income countries …

also highlighted their pathological problems. This paper studies the case of China for pitfalls of a state … within China is low. Furthermore, to the extent some capital moves around the country, the government (as opposed to the …

China's economic model involves active government intervention in financial markets. We develop a theoretical framework …

We provide a comprehensive review of China's financial system, and explore directions of future development. First, the … resources in the economy has been limited and ineffective. We discuss issues related to the further development of China's stock … China are those that reduce the likelihood of damaging financial crises, including a banking sector crisis, a real estate or …