The East Asian Bureau of Economic Research is a forum for high-quality economic research focussing on issues facing the economies of East Asia. It comprises representatives from Japan, China, South Korea, Vietnam, Cambodia, Laos, Thailand, Malaysia, the Philippines, Indonesia and Australia. The rapid development of the East Asian economies, the growth of intra-regional trade, financial and other economic interaction, and East Asia's new role in the global economy all underline the need for access to a vastly increased range of quality economic analysis on East Asia.

EABER-SABER Newsletter

March, 2016
Shiro Armstrong
Tom Westland
After a turbulent 2015, China’s major stock exchanges took another hit in January. Chinese authorities have in the past clumsily tried to stop the free fall in markets with various degrees of success. In the past, intervening in markets has worked. But for China to avoid a middle-income trap and become a high-income country, it will need to develop and trust the markets instead of distorting them with unsustainable growth, just like its Northeast Asian neighbours did.
Shiro Armstrong is co-director of the Australia–Japan Research Centre and co-Editor of East Asia Forum at The Australian National University. Tom Westland is a graduate student at the Institut des hautes études internationales et du développement in Geneva.
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