Market Integration in China

Chen, Qingqing; Goh, Chor-Ching; Sun, Bo; Xu, Lixin Colin

dc.creator	Chen, Qingqing
dc.creator	Goh, Chor-Ching
dc.creator	Sun, Bo
dc.creator	Xu, Lixin Colin
dc.date	2012-03-19T18:01:44Z
dc.date	2012-03-19T18:01:44Z
dc.date	2011-04-01
dc.date.accessioned	2023-02-17T20:55:58Z
dc.date.available	2023-02-17T20:55:58Z
dc.identifier	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20110408152448
dc.identifier	http://hdl.handle.net/10986/3396
dc.identifier.uri	http://localhost:8080/xmlui/handle/CUHPOERS/244360
dc.description	Over the last three decades, China's product, labor, and capital markets have become gradually more integrated within its borders, although integration has been significantly slower for capital markets. There remains a significant urban-rural divide, and Chinese cities tend to be under-sized by international standards. China has also integrated globally, initially through the Special Economic Zones on the coast as launching grounds to connect with world markets, and subsequently through the accession to the World Trade Organization. For future policy considerations, this paper argues 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).
dc.language	English
dc.relation	Policy Research working paper ; no. WPS 5630
dc.rights	CC BY 3.0 IGO
dc.rights	http://creativecommons.org/licenses/by/3.0/igo/
dc.rights	World Bank
dc.subject	ACCESS TO FINANCING
dc.subject	ACCOUNTING
dc.subject	ADB
dc.subject	AGENCY PROBLEMS
dc.subject	AGRICULTURAL OUTPUT
dc.subject	AGRICULTURE
dc.subject	ALLOCATION OF CAPITAL
dc.subject	AUTONOMY
dc.subject	BAILOUT
dc.subject	BANK FINANCING
dc.subject	BANKRUPTCIES
dc.subject	BANKS
dc.subject	BUSINESS ENVIRONMENT
dc.subject	CAPITAL FORMATION
dc.subject	CAPITAL INVESTMENT
dc.subject	CAPITAL INVESTMENTS
dc.subject	CAPITAL MARKET
dc.subject	CAPITAL MARKETS
dc.subject	CAPITALIZATION
dc.subject	CAPITALS
dc.subject	COMMODITIES
dc.subject	COMMODITY
dc.subject	COMMODITY PRICES
dc.subject	COMPARATIVE ADVANTAGE
dc.subject	COMPARATIVE ADVANTAGES
dc.subject	COMPARATIVE ECONOMICS
dc.subject	COMPETITIVENESS
dc.subject	CONSUMERS
dc.subject	CONTRACT ENFORCEMENT
dc.subject	CORPORATE GOVERNANCE
dc.subject	CURRENCY
dc.subject	DECENTRALIZATION
dc.subject	DEVELOPING COUNTRIES
dc.subject	DEVELOPMENT ECONOMICS
dc.subject	DEVELOPMENT POLICY
dc.subject	DEVELOPMENT STRATEGY
dc.subject	DISPOSABLE INCOME
dc.subject	DOMESTIC CURRENCY
dc.subject	DOMESTIC MARKETS
dc.subject	ECONOMIC COOPERATION
dc.subject	ECONOMIC DEVELOPMENT
dc.subject	ECONOMIC EXPANSION
dc.subject	ECONOMIC GEOGRAPHY
dc.subject	ECONOMIC INTEGRATION
dc.subject	ECONOMIC RELATIONS
dc.subject	ECONOMICS
dc.subject	EMERGING MARKET
dc.subject	EMPLOYMENT
dc.subject	EXCHANGE CONTROLS
dc.subject	EXCHANGE RATE
dc.subject	EXPENDITURE
dc.subject	EXPORTS
dc.subject	EXPROPRIATION
dc.subject	EXTERNAL FINANCING
dc.subject	FEDERAL RESERVE
dc.subject	FEDERAL RESERVE SYSTEM
dc.subject	FINANCES
dc.subject	FINANCIAL MARKET
dc.subject	FINANCIAL MARKETS
dc.subject	FINANCIAL SECTOR
dc.subject	FINANCIAL SERVICES
dc.subject	FINANCIAL SYSTEM
dc.subject	FIRM PERFORMANCE
dc.subject	FISCAL DECENTRALIZATION
dc.subject	FISCAL POLICIES
dc.subject	FIXED INVESTMENT
dc.subject	FIXED PRICES
dc.subject	FOREIGN BANKS
dc.subject	FOREIGN CAPITAL
dc.subject	FOREIGN COMPETITION
dc.subject	FOREIGN DIRECT INVESTMENT
dc.subject	FOREIGN DIRECT INVESTMENTS
dc.subject	FOREIGN EXCHANGE
dc.subject	FOREIGN FIRMS
dc.subject	FOREIGN INVESTMENT
dc.subject	FOREIGN INVESTMENTS
dc.subject	FOREIGN MARKETS
dc.subject	FOREIGN OWNERS
dc.subject	FOREIGN OWNERSHIP
dc.subject	FUND MANAGEMENT
dc.subject	GDP
dc.subject	GDP PER CAPITA
dc.subject	GINI COEFFICIENT
dc.subject	GLOBAL ECONOMY
dc.subject	GLOBAL MARKETS
dc.subject	GLOBAL STANDARDS
dc.subject	GLOBALIZATION
dc.subject	GOOD GOVERNANCE
dc.subject	GOVERNMENT INTERVENTION
dc.subject	GOVERNMENT REVENUE
dc.subject	GROSS DOMESTIC PRODUCT
dc.subject	GROWTH RATE
dc.subject	GROWTH THEORIES
dc.subject	HOUSING
dc.subject	INCOME
dc.subject	INCOME GROWTH
dc.subject	INCOME INEQUALITY
dc.subject	INCOME LEVELS
dc.subject	INCOME TAX
dc.subject	INDUSTRIALIZATION
dc.subject	INEFFICIENCY
dc.subject	INFORMAL FINANCE
dc.subject	INFORMATION TECHNOLOGY
dc.subject	INSTRUMENT
dc.subject	INSURANCE
dc.subject	INSURANCE COMPANIES
dc.subject	INTERNATIONAL BANK
dc.subject	INTERNATIONAL COMPETITION
dc.subject	INTERNATIONAL COOPERATION
dc.subject	INTERNATIONAL ECONOMICS
dc.subject	INTERNATIONAL INVESTORS
dc.subject	INTERNATIONAL MARKET
dc.subject	INTERNATIONAL STANDARDS
dc.subject	INTERNATIONAL TRADE
dc.subject	INVESTING
dc.subject	INVESTMENT CLIMATE
dc.subject	INVESTMENT DECISIONS
dc.subject	INVESTMENT PROJECTS
dc.subject	INVESTMENT RATES
dc.subject	INVESTOR CONFIDENCE
dc.subject	JOB CREATION
dc.subject	JOINT VENTURES
dc.subject	JURISDICTION
dc.subject	LABOR COSTS
dc.subject	LABOR MARKET
dc.subject	LABOR MARKETS
dc.subject	LAND USE
dc.subject	LARGE CITIES
dc.subject	LIBERALIZATION
dc.subject	LIFE INSURANCE
dc.subject	LIVING STANDARDS
dc.subject	LOCAL GOVERNMENT
dc.subject	LOCAL GOVERNMENTS
dc.subject	LORENZ CURVE
dc.subject	MARGINAL PRODUCT
dc.subject	MARGINAL PRODUCTIVITY
dc.subject	MARKET ACCESS
dc.subject	MARKET DISCIPLINE
dc.subject	MARKET ECONOMY
dc.subject	MARKET INTEGRATION
dc.subject	MARKET SHARE
dc.subject	MERGERS
dc.subject	MIDDLE-INCOME ECONOMY
dc.subject	MIGRANT LABOR
dc.subject	MIGRATION
dc.subject	MOBILE PHONES
dc.subject	MONETARY FUND
dc.subject	MORAL HAZARD
dc.subject	MUNICIPALITIES
dc.subject	NET EXPORTS
dc.subject	OPEN MARKETS
dc.subject	OUTSOURCING
dc.subject	OWNERSHIP STRUCTURE
dc.subject	PER CAPITA INCOME
dc.subject	POLITICAL ECONOMY
dc.subject	POWER PARITY
dc.subject	PRIVATE PROPERTY
dc.subject	PRIVATE SECTOR DEVELOPMENT
dc.subject	PRIVATIZATION
dc.subject	PRODUCT MARKETS
dc.subject	PRODUCTIVITY
dc.subject	PRODUCTIVITY GROWTH
dc.subject	PROFITABILITY
dc.subject	PROPERTY RIGHTS
dc.subject	PROTECTIONISM
dc.subject	PURCHASING POWER
dc.subject	RAPID GROWTH
dc.subject	RAPID INDUSTRIALIZATION
dc.subject	RATE OF RETURN
dc.subject	RATE OF RETURN TO CAPITAL
dc.subject	REFORM PROGRAM
dc.subject	REGIONAL INTEGRATION
dc.subject	REGIONAL TRADE
dc.subject	REGULATORS
dc.subject	REGULATORY ENVIRONMENT
dc.subject	REGULATORY RESTRICTION
dc.subject	REINVESTMENTS
dc.subject	REMITTANCES
dc.subject	RENT SEEKING
dc.subject	RESOURCE ALLOCATION
dc.subject	RETURN
dc.subject	RETURNS
dc.subject	RISK SHARING
dc.subject	RURALURBAN MIGRATION
dc.subject	SECURITIES
dc.subject	SHAREHOLDERS
dc.subject	SOCIAL SERVICES
dc.subject	STATE BANKS
dc.subject	STOCK MARKET
dc.subject	STOCK MARKET CAPITALIZATION
dc.subject	STRATEGIC COMPLEMENTARITIES
dc.subject	STRUCTURAL CHANGE
dc.subject	TAX
dc.subject	TAX LAWS
dc.subject	TAX POLICIES
dc.subject	TAX RATES
dc.subject	TAX REVENUES
dc.subject	TAXATION
dc.subject	TECHNOLOGICAL ADVANCES
dc.subject	TECHNOLOGY TRANSFERS
dc.subject	TELECOMMUNICATIONS
dc.subject	TRADE BARRIERS
dc.subject	TRADE CREDIT
dc.subject	TRADE FLOWS
dc.subject	TRADE SECTOR
dc.subject	TRADING
dc.subject	TRADING SYSTEM
dc.subject	TRADING SYSTEMS
dc.subject	TRANSITION ECONOMIES
dc.subject	TRANSPORT
dc.subject	URBAN ECONOMIES
dc.subject	URBAN GROWTH
dc.subject	URBAN SERVICES
dc.subject	URBANIZATION
dc.subject	VALUE ADDED
dc.subject	VOLATILITY
dc.subject	WAGES
dc.subject	WEALTH
dc.subject	WORLD ECONOMY
dc.subject	WORLD MARKET
dc.subject	WORLD MARKETS
dc.subject	WORLD TRADE
dc.subject	WORLD TRADE ORGANIZATION
dc.subject	WTO
dc.title	Market Integration in China
dc.type	Publications & Research :: Policy Research Working Paper
dc.coverage	East Asia and Pacific
dc.coverage	East Asia and Pacific
dc.coverage	East Asia
dc.coverage	Asia
dc.coverage	China