Saturday, June 23, 2007

The Chinese Capitalism

China: The government is trying to manage the index of the stock exchange, in order to cool the extreme demand of recent months and to manage stock prices to realistic levels. This policy is part of an overall strategy of managed capitalism and an effort to keep the economy from overheating.

1. This time her policy is being implemented by having state-owned companies issue more stocks (shares),

2. Recently, it raised (tripled) the tax on stock transactions.

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