{"id":5991,"date":"2012-09-14T09:00:22","date_gmt":"2012-09-14T13:00:22","guid":{"rendered":"http:\/\/www.Centives.net\/S\/?p=5991"},"modified":"2012-12-29T01:45:36","modified_gmt":"2012-12-29T06:45:36","slug":"why-china-doesnt-have-a-wall-street","status":"publish","type":"post","link":"http:\/\/www.Centives.net\/S\/2012\/why-china-doesnt-have-a-wall-street\/","title":{"rendered":"Why China Doesn\u2019t Have A Wall Street"},"content":{"rendered":"<p style=\"text-align: center;\"><img loading=\"lazy\" decoding=\"async\" alt=\"\" src=\"http:\/\/www.Centives.net\/S\/wp-content\/uploads\/2012\/09\/091412_1211_WhyChinaDoe1.jpg\" width=\"639\" height=\"379\" \/><\/p>\n<p>Since 1992 China&#8217;s economy has grown by 1,700%, yet its stock market has declined by 40%. What gives? Carl Walter and Fraser Howie found out:<\/p>\n<ul>\n<li>It&#8217;s because of the way the stock market is set up. Only state-run companies are allowed on the market, and the Chinese government must have at least 51% ownership of the company.<\/li>\n<li>When a Chinese company first sells shares on the market, the Chinese government sets the share price, and then forces other state sponsored enterprises to buy shares at that price \u2013 guaranteeing a successful sale.<\/li>\n<li>If Steve Jobs were to start a company in China its valuation would not be driven by how visionary his ideas were, rather, it would depend entirely on his relationship with the Chinese government.<\/li>\n<li>While the Chinese government could change the way it does things, it won&#8217;t, because that would require the introduction of private property and the Communist Party of China would rather that everything just belong to them.<\/li>\n<\/ul>\n<p>Read more about the largest IPO in history, the veneer of a modern economy, and more over <a href=\"http:\/\/www.foreignpolicy.com\/articles\/2012\/09\/11\/why_china_will_never_have_a_wall_street\">here<\/a>.<\/p>\n<p>Source: <a href=\"http:\/\/www.foreignpolicy.com\/articles\/2012\/09\/11\/why_china_will_never_have_a_wall_street\">Foreign Policy<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Since 1992 China&#8217;s economy has grown by 1,700%, yet its stock market has declined by 40%. What gives? Carl Walter and Fraser Howie found out: It&#8217;s because of the way the stock market is set up. Only state-run companies are allowed on the market, and the Chinese government must have at least 51% ownership of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5990,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,41],"tags":[],"class_list":["post-5991","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-bulletin","category-signature"],"jetpack_featured_media_url":"http:\/\/www.Centives.net\/S\/wp-content\/uploads\/2012\/09\/091412_1211_WhyChinaDoe1.jpg","_links":{"self":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/5991","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/comments?post=5991"}],"version-history":[{"count":7,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/5991\/revisions"}],"predecessor-version":[{"id":7418,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/5991\/revisions\/7418"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/media\/5990"}],"wp:attachment":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/media?parent=5991"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/categories?post=5991"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/tags?post=5991"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}