Progress of China＇s Market Institution： Requiring a Stringent Implementation of Policies.pdfVIP

FudanJ．Hum．Soc．Sci．(2014)7(4)：601~519 DOIl0．1007／s40647—014—0039—6 ProgressofChina’SM arketInstitution：Requiring aStringentImplementationofPolicies LaurenceChinYauYuen Received：12January2013／Accepted：3April2014 ／Publishedonline：4November2014 @ FudanUniversity2014 Abstract Sincereform．China’Smarketinstitutionhasbeengraduallyevolving， butisstillfacing insufficientcompetitionowing to 1owertransparency，admin— istrative interventions，and territoriallimitations in certain areas．ThisP印er reviews the applicability of mraket hypotheses to China，and analyzes hte implicationswith respectto va