Summary of Paper Tigers

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Paper Tigers summary


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The Chinese and Indian economic miracles get plenty of attention, but a look beyond the headline growth reveals their capital markets’ shaky structures. Paul Kielstra of the Economist Intelligence Unit leads this tour of the Asian financial giants, whose real economies have far outpaced their capital markets’ capabilities. His informative report explains why, despite their high savings rates, Chinese and Indian workers are not keen to put those savings into their respective national stock and bond markets. getAbstract recommends his text to investors interested in a promising but financially risky part of the world.

In this summary, you will learn

  • What weaknesses Chinese and Indian capital markets exhibit and
  • Why high savings rates in China and India have failed to translate into high levels of participation in capital markets.

About the Author

Historian Dr. Paul Kielstra is a contributing editor at the Economist Intelligence Unit.



With their huge populations, China and India have long been “demographic giants.” Now, they’re economic titans, too, ranking as the world’s second- and 10th-largest economies, respectively. Their capital markets reflect this growth: China’s Shanghai and Shenzhen exchanges boast a combined market capitalization...

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