Market Integration in the People’s Republic of China
Chor-Ching Goh (),
Bo Sun and
Additional contact information
Qingquing Chen: Asian Development Bank, http://www.adb.org/Documents/Periodicals/ADR/ADR-Vol28-1-chen.pdf
Asian Development Review, 2011, vol. 28, issue 1, 72-93
Over the last 3 decades, the product, labor, and capital markets of the People’s Republic of China have become gradually more integrated within its borders, though integration has been significantly slower for capital markets. There remains a significant urban–rural divide, and cities in the PRC tend to be undersized by international standards. The PRC has also integrated globally, initially through its special economic zones on the coast as launching grounds to connect with world markets, and subsequently through the PRC’s accession to the World Trade Organization. For future policy considerations, we argue that its economic production needs to be spatially concentrated, and its social services need to be spread out to the interior to ensure harmonious development and domestic integration, through inclusive rural–urban transformations and effective territorial development.
Keywords: market integration; labor market; capital market; migration (search for similar items in EconPapers)
References: Add references at CitEc
Citations: View citations in EconPapers (7) Track citations by RSS feed
There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:ris:adbadr:0004
Access Statistics for this article
Asian Development Review is currently edited by Shang-Jin Wei
More articles in Asian Development Review from Asian Development Bank Contact information at EDIRC.
Bibliographic data for series maintained by Maria Susan M. Torres ().