Babes in the bourse: China embarks on its most daring economic experiment. Will socialism survive?
Article Abstract:
China has launched its first two stockmarkets as a bold experiment in market economics. The stockmarkets of Shanghai and Shenzhen have 34 bourses so far. The supply and demand for shares has been tremendous. Even foreigners have been permitted to buy up to a third of listed companies. On the success or failure of this economic change lies the fate of socialism in the country. So far, the country is coasting along smoothly with the introduced reforms.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1992
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Future conditional: Shanghai metals exchange opens for business
Article Abstract:
Forecasts of activity at the Shanghai Metals Exchange which began operations on May 28, 1992, may prove different from actual trade activities. Computer problems and passive trading were characteristic of first-month activities at the exchange. However, the expected expansion of trading to include all precious metals, grains, edible oils and rubber could precipitate the establishment of China as a major commodity and financial center.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1992
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Waiting for Godot: Shanghai holds key to China's stock experiment
Article Abstract:
The establishment of stock trading in the Chinese cities of Shanghai and Shenzhen have been greeted with buoyant economic predictions. While Shenzhen specializes in small firms whose shares look similar to those of Hong Kong, the listed stocks in Shanghai belong to giant companies previously under state control. Thus, it is Shanghai that will determine the success of securitization in the country.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1992
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