Published on: 2015-08-16
The Wall Street Journal online carried a story that attempted to find out some likely motives for China’s recent intervention in the stock market such as its sensitivity to social unrest. The story quoted comments from experts on some steps Beijing has taken, for example, to restrict capital flows and fence around the currency. Prof. Xi Li said that China is increasingly affected by market prices, but it is not used to the new dynamic.
Read the full article here: WSJ (subscription required)
[Bio] Xi Li
[IEMS Working Paper] The Political Economy of State Capitalism and Shadow Banking in China
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