Sustainable development of the Chinese economy and capital market

Authors

Shiguang Ma, University of WollongongFollow
Gary G. Tian, Macquarie UniversityFollow
Brian H. Andrew, University of WollongongFollow

RIS ID

107485

Publication Details

Ma, S., Tian, G. & Andrew, B. (2016). Sustainable development of the Chinese economy and capital market. Journal of the Asia Pacific Economy, 21 (3), 321-324.

Abstract

Over the past 30 years, the Chinese economy has maintained remarkable growth at an average of nearly 9% per annum. China has become increasingly integrated into the world economy and has become a major player in world commodity production and global capital markets. However, despite its impressive achievements, China faces many serious challenges, such as environmental pollution, shortage of energy, severe income inequality, an ageing population, inefficient capital markets, global and domestic imbalances, and poor corporate governance. These problems have caused the growth of the Chinese economy to slow down. Because of its significant impact on the world economy, the sustainable development of the Chinese economy and capital markets has become a critical concern for scholars, policy-makers and entrepreneurs worldwide.