Emerging Capital Markets and Transition in Contemporary China

Ken Morita
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Ken Morita: Hiroshima Shudo University, Japan

in World Scientific Books from World Scientific Publishing Co. Pte. Ltd.

Abstract: This book provides the analysis on capital markets in China, focusing attention upon (1) the bubble phenomena (whether or not a Chinese bubble really exists and might burst), (2) foreign direct investment and (3) integration, through all of which we could recognize the current situation and the future prospects of Chinese marketization. As regards to the bubble phenomena, particularly 'early warning indicator' of the bubble, this book attempts to utilize the Grubbs-Smirnov Test to discover the 'abnormal value' in several asset markets. Investigations of this book suggest that the distinctive features of the Chinese market have been significantly different from the markets of capitalist countries such as the United States and Japan. As far as Japan's foreign direct investments in China are concerned, this book tries to reveal the Chinese characteristics on FDI phenomena with FDI-trade ratio. The analysis of this book suggests that Chinese FDI from Japan has undoubtedly revealed the distortions caused by non-economic factors, which also mean that the distinctive features of the Chinese market have been different from the markets of the United States and Japan etc. Regarding integration, this book provides the analysis on the 'G2' system between the United States and China (cooperation or conflict between them). The considerations of this book conclude that it might be difficult to have good cooperation between them because of significant differences between the Chinese system and the US system.

Keywords: Bubbles; Foreign Direct Investment (FDI); Marketization; Intenationalization; Path Dependence; Integration; US–China Relations; US–Japan Relations (search for similar items in EconPapers)
JEL-codes: P16 (search for similar items in EconPapers)
Date: 2017
ISBN: 9789813147898
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https://www.worldscientific.com/worldscibooks/10.1142/10232 (text/html)
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Chapters in this book:

Ch 1 A Comparative Analysis of Chinese Bubble with Japanese Bubble , pp 3-48

Ken Morita

Ch 2 Bubble Phenomena and Path Dependence in China , pp 49-64

Ken Morita

Ch 3 State Capitalism and Bubble Phenomena in China , pp 65-94

Ken Morita

Ch 4 A Political Economy of Systemic Transition and Bubble Phenomena: A Comparison of China with Hungary , pp 95-133

Ken Morita

Ch 5 A Political Economy of Chinese Outward Foreign Direct Investment , pp 137-174

Ken Morita

Ch 6 Political Economy of Regional Integration between Yangtze River Delta Area and Chugoku District , pp 175-216

Ken Morita

Ch 7 A Political Economy of FDI, Integration, and Path Dependence , pp 217-240

Ken Morita

Ch 8 A Political Economy of US–Japan Relations and US–China Relations , pp 241-286

Ken Morita

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