Under new ownership: privatizing China's state-owned enterprises

doi:10.5860/choice.43-6014

Cited by 19 publications

References 135 publications

(195 reference statements)

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Two Decades of Reform: The Changing Organization Dynamics of Chinese Industrial Firms

Yusuf

Nabeshima

2008

Urban China in Transition

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Since the early 1980s, China has begun gradually integrating with the global system. In doing so, the country has moved towards its own unique brand of market socialism, which recognizes private ownership, and is adopting market institutions and pursuing industrial change within the framework of an urban economic environment. The process of transition has now permeated every corner of Chinese life and no organization has been left untouched. Yet, industrial organization in China-especially in the state sector-has been slow to shed many of the distinctive structural characteristics of the old line Maoist era state enterprises. The main prong of the industrial strategy in support of urban change is ownership reform that transforms stateowned enterprises into corporate entities with majority state ownership or places them wholly in private hands. This strategy is bolstering the incentives for and the dynamism of the private sector. While the central government spearheads the ownership reform initiative, in the majority of cases the actual implementation is in the hands of municipal, county, and prefectural governments. This paper situates industrial change in China within the context of urban development and examines the interplay of broad reform strategy with local implementation, and its actual practice by the reformed firms.

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Two Decades of Reform: The Changing Organization Dynamics of Chinese Industrial Firms

Yusuf

Nabeshima

2008

Urban China in Transition

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Imbalanced ownership transformation and land use within an urban area: a case study of Beijing

Zhang

2018

Land Use Policy

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Capitalism with Chinese Characteristics

Huang

2008

899

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Presents a story of two Chinas – an entrepreneurial rural China and a state-controlled urban China. In the 1980s, rural China gained the upper hand. In the 1990s, urban China triumphed. In the 1990s, the Chinese state reversed many of its rural experiments, with long-lasting damage to the economy and society. A weak financial sector, income disparity, rising illiteracy, productivity slowdowns, and reduced personal income growth are the product of the capitalism with Chinese characteristics of the 1990s and beyond. While GDP grew quickly in both decades, the welfare implications of growth differed substantially. The book uses the emerging Indian miracle to debunk the widespread notion that democracy is automatically anti-growth. As the country marked its 30th anniversary of reforms in 2008, China faces some of its toughest economic challenges and substantial vulnerabilities that require fundamental institutional reforms.

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Under new ownership: privatizing China's state-owned enterprises

Cited by 19 publications

References 135 publications

Two Decades of Reform: The Changing Organization Dynamics of Chinese Industrial Firms

Two Decades of Reform: The Changing Organization Dynamics of Chinese Industrial Firms

Imbalanced ownership transformation and land use within an urban area: a case study of Beijing

Capitalism with Chinese Characteristics

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