Rooftop in China

الصين والمعتاد الجديد الوَعِر

شنغهاي ــ كان طريق تحول الصين من النمو المدفوع بالصادرات إلى نموذج قائم على الخدمات المحلية والاستهلاك الأسري أشد وعورة من توقعات بعض المراقبين، مع تسبب تقلبات سوق الأسهم وأسعار الصرف في إثارة المخاوف بشأن الاستقرار الاقتصادي في البلاد. ولكن بالمقاييس التاريخية، لا يزال أداء الاقتصاد الصيني جيدا ــ وقد يقول البعض إن أداءه جيد للغاية في ظل نمو الناتج المحلي الإجمالي السنوي بمعدل 7% ــ بيد أن النجاح على النطاق الذي شهدته الصين على مدار العقود الثلاثة الماضية كان كافياً لتوليد توقعات عالية.

ولا يخلو الأمر من درس أساسي مفاده أن الأسواق التي تحمل خصائص صينية لا تقل تقلباً وخروجاً عن السيطرة عن الأسواق التي تحمل خصائص أميركية. فالأسواق تتقمص على نحو ثابت حياة خاصة بها؛ ولا يمكن توجيهها بسهولة. ولتحقيق غاية السيطرة على الأسواق، فلن يكون هذا إلا من خلال وضع قواعد اللعبة بطريقة تتسم بالشفافية.

إن كل الأسواق تحتاج إلى قواعد وتنظيمات. ومن الممكن أن تساعد القواعد الجيدة في تثبيت استقرار الأسواق. أما القواعد الرديئة التصميم، بصرف النظر عن حسن النوايا وراء ذلك التصميم، فقد تخلف تأثيراً عكسيا.

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