PGJ - Understanding China's Recent Moves In Its Capital Markets
- Since I started going to China 36 years ago, I have found that most Western observers who do not have direct contact with policymakers and don’t follow in detail the patterns of the changes have tended to not believe that the Chinese Communist Party’s usage of capital markets to foster development is real.
- In the case of the educational tutoring companies, they want to reduce the educational inequality and the financial burden on those who are desperate to have their children have these services but can’t afford them by making them broadly available.
- As for investing, as I see it, the American and Chinese systems and markets both have opportunities and risks and are likely to compete with each other and diversify each other.
For further details see:
Understanding China's Recent Moves In Its Capital Markets