Playing by the rules

China's economy is in transition with the government taking steps to become a part of the global capitalist economy while maintaining its stronghold on domestic companies. In order to join the World Trade Organization, China lifted regulations preventing foreign issuers from listing on its exchanges. Officials are now trying to boost the country's flailing Shanghai and Shenzhen exchanges. Membership in the WTO also raised the proportion foreign stakeholders can own of Chinese companies. 'Chinese