Wednesday, April 13, 2005

China's Weak Link - the Country's Stock Markets

From FT.com: China's weak link

"Along with the banks, the capital markets are the weakest parts of a Chinese economy renowned for rapid economic growth and the prowess of its manufacturing industry. If China fails to get this right, shareholder capitalism could be delayed for another generation. Pensioners would lack a reliable source of income, and capital for dynamic Chinese companies - the ones that should be taking the economy to the next level of development with investments in high technology and services - will remain all too scarce."

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