Since reform, China＇s market institution has been gradually evolving, but is still facing insufficient competition owing to lower transparency, administrative interventions, and territorial limitations in certain are...Since reform, China＇s market institution has been gradually evolving, but is still facing insufficient competition owing to lower transparency, administrative interventions, and territorial limitations in certain areas. This paper reviews the applicability of market hypotheses to China, and analyzes the implications with respect to various markets and the resolution of the Third Plenary Session of the Eighteenth Central Committee Congress. It is vital for the relevant authorities to reinforce implementation of the resolution＇s initiatives. Following the new policies, it is expected that the market institution will be advanced to a higher level.展开更多
文摘Since reform, China＇s market institution has been gradually evolving, but is still facing insufficient competition owing to lower transparency, administrative interventions, and territorial limitations in certain areas. This paper reviews the applicability of market hypotheses to China, and analyzes the implications with respect to various markets and the resolution of the Third Plenary Session of the Eighteenth Central Committee Congress. It is vital for the relevant authorities to reinforce implementation of the resolution＇s initiatives. Following the new policies, it is expected that the market institution will be advanced to a higher level.
