Is China entering the free market?

This article examines China's securities system, contrasting it with Wester n systems, and concludes that because of its authoritarian communist struct ure, the Chinese securities markets face several problems. The author concl udes that in order for China's securities market to develop and compete in the international arena, China must end its system of state control of acce ss to public markets and control of corporate management, while encouraging investor confidence by policing the abuses inherent in a free market syste m.