... a "judicial system that is based firmly on the principle of equality before the law" (Cheung 32). Echoing Cheung's sentiments, James Dorn saw problems in the areas of Chinese banking and finance. In this arrangement, Dorn argued, "the state controls the bulk of investment resources. The lack of a private capital market has handicapped economic development in China and hampered ... I would suggest that the chances are better for the former than for the latter. Once the Chinese attain more sophistication relative to international and national markets, institute a more manageable banking s...

• Word Count: 6375
• Approx Pages: 26
• Has Bibliography
• Grade Level: Undergraduate