3 ms·
If the Chinese market was more open, people would have already. The problem is that many players are large SOE's, with no publicly traded stock, and certainly n
by roel_v 16y ago
If the Chinese market was more open, people would have already. The problem is that many players are large SOE's, with no publicly traded stock, and certainly not available to foreign investors. Furthermore they're kept afloat by the government.
'Normal' Western financial doctrine doesn't apply in China's mercantilist 'market' (in quotes, because it's sufficiently different from what is considered a 'market' in the West that one can wonder if they're comparable).