From scorned to loved? The political economy of the development of the stock market in China

Research output: Journal PublicationsJournal Article (refereed)peer-review

5 Citations (Scopus)


This paper explains how and why the stock market, which is regarded as the embodiment of capitalism, has been allowed to develop and gain a prominent place among China's financial markets. That development has been consistent with the changing vested interests of the central government in its attempts to collect quasi-fiscal revenue from the financial sector, reflecting the stock market's growing importance as a tax-collection venue.
Original languageEnglish
Pages (from-to)409-429
Number of pages21
JournalGlobal Economic Review
Issue number4
Publication statusPublished - 1 Jan 2009

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