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In more depth than any other, this highly readable book lays barewhy China's capital markets have fallen so far short of theirpromise. It is required reading for anyone seeking to understandthe realities and the future of an extraordinary economictransformation. - James Kynge, Former Beijing Bureau Chief,Financial Times, Author, China Shakes the World

Carl Walter and Fraser Howie bring together a wealth of experienceto this complex and deeply important topic. Their book contains amine of invaluable quantitative and qualitative information as wellas an incredible depth of knowledge. It is essential reading foranyone investing in companies from mainland China. - ProfessorPeter Nolan, Judge Institute of Management Studies, University ofCambridge

Privatizing China is essential for anyone who wants to understandChina's companies and stock markets. no one should invest in Chinawithout reading it. - Arthur Kroeber, Managing Editor, ChinaEconomic Quarterly

Carl Walter and Fraser Howie combine a deep knowledge of China andfinance to provide an unflinching perspective on the country'seffort to build functioning capital markets. China may have wowedthe world with its high-speed economic growth and manufacturingprowess, but this book is compelling evidence that Beijing'smastery of the universe does not yet extend to the stock market. -Richard MacGregor, beijing Correspodent, FinancialTimes

This book will answer many people's questions regarding SOEs andthe stock market. I think it is destined to become the standardreference work on the subject. - Jean C. Oi, Director, Center forEast Asian Studies, Stanford University

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