China’s financial system is failing in that respect, owing to frequent administrative and political intervention. As a result, Shanghai has been restricted from making the best of its financial functions, and Hong Kong, Asia’s acknowledged financial center, from assisting China’s financial modernization.
La fréquence des interventions administratives et politiques a empêché Shanghai de tirer parti au mieux de ses fonctions financières, et Hong Kong – le centre financier reconnu de l’Asie – de contribuer à la modernisation financière de l’ensemble du pays.