Thinking About China
Opinion

China Remakes Global Markets

China Remakes Global Markets
A sign for the London Metal Exchange (LME) on a wall by the new Ring, the open trading floor of the LME following its relocation in central London on Feb. 18, 2016. Leon Neal/AFP via Getty Images
Christopher Balding
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Commentary

Away from the battlefields of Ukraine, a battle is taking place on a global exchange for what exactly constitutes a market and its rules. China, long known for manipulating its domestic market and cheating on global markets, is taking that to a new level by protecting Chinese firms from trading losses.

Christopher Balding
Christopher Balding
Author
Christopher Balding was a professor at the Fulbright University Vietnam and the HSBC Business School of Peking University Graduate School. He specializes in the Chinese economy, financial markets, and technology. A senior fellow at the Henry Jackson Society, he lived in China and Vietnam for more than a decade before relocating to the United States.
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