Bloomberg (July 3)
2017/ 07/ 04 by jd in Global News
“Strenuous efforts by Chinese regulators to ensure market stability are having the opposite effect.” The rationale is unimportant. “Whether such efforts are meant to protect important companies, stabilize markets or avoid national embarrassment, they’re preventing China’s markets from growing up. And it’s increasingly clear that they’re unnecessary.” Furthermore, “infantilizing Chinese firms…prevents the professionalization of management and improvements in corporate governance.”
Tags: China, Corporate governance, Embarrassment, Infantilizing, Management, Market stability, Professionalization, Rationale, Regulators
