Private Enterprise In China

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Markets Over Mao

Author : Nicholas R. Lardy
Publisher : Peterson Institute for International Economics
ISBN 13 : 0881326933
Total Pages : 302 pages
Book Rating : 4.8/5 (813 download)

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Book Synopsis Markets Over Mao by : Nicholas R. Lardy

Download or read book Markets Over Mao written by Nicholas R. Lardy and published by Peterson Institute for International Economics. This book was released on 2014-09-10 with total page 302 pages. Available in PDF, EPUB and Kindle. Book excerpt: China's transition to a market economy has propelled its remarkable economic growth since the late 1970s. In this book, Nicholas R. Lardy, one of the world's foremost experts on the Chinese economy, traces the increasing role of market forces and refutes the widely advanced argument that Chinese economic progress rests on the government's control of the economy's "commanding heights." In another challenge to conventional wisdom, Lardy finds little evidence that the decade of the leadership of former President Hu Jintao and Premier Wen Jiabao (2003–13) dramatically increased the role and importance of state-owned firms, as many people argue. This book offers powerfully persuasive evidence that the major sources of China's growth in the future will be similarly market rather than state-driven, with private firms providing the major source of economic growth, the sole source of job creation, and the major contributor to China's still growing role as a global trader. Lardy does, however, call on China to deregulate and increase competition in those portions of the economy where state firms remain protected, especially in energy and finance.

Private Enterprise and the China Trade

Author : Meike von Brescius
Publisher : Library of Economic History
ISBN 13 : 9789004369146
Total Pages : 276 pages
Book Rating : 4.3/5 (691 download)

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Book Synopsis Private Enterprise and the China Trade by : Meike von Brescius

Download or read book Private Enterprise and the China Trade written by Meike von Brescius and published by Library of Economic History. This book was released on 2022 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This book examines the European commercial landscape of the early China trade, c.1700-1750. It looks at the foundational period of Sino-European commerce and explores a world of private enterprise beneath the surface of the official East India Company structures. Using rich private trade records, it analyses the making of pan-European markets, distribution networks and patterns of investment that together reveal a new geography of a trading system previously studied mostly at Canton. By considering the interloping activities of British-born merchants working for the smaller East India Companies, the book uncovers the commercial practices and cross-Company collaborations, both legal and illicit, that sustained the growth of the China trade: smuggling, wholesale trading, private commissions and the manipulation of Company auctions"--

Capitalism from Below

Author : Victor Nee
Publisher : Harvard University Press
ISBN 13 : 0674065395
Total Pages : 450 pages
Book Rating : 4.6/5 (74 download)

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Book Synopsis Capitalism from Below by : Victor Nee

Download or read book Capitalism from Below written by Victor Nee and published by Harvard University Press. This book was released on 2012-06-19 with total page 450 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over 630 million Chinese escaped poverty since the 1980s, the largest decrease in poverty in history. Studying 700 manufacturing firms in the Yangzi region, the authors argue that the engine of China’s economic miracle—private enterprise—did not originate at the top but bubbled up from below, overcoming initial obstacles set up by the government.

Back-Alley Banking

Author : Kellee S. Tsai
Publisher : Cornell University Press
ISBN 13 : 1501717154
Total Pages : 335 pages
Book Rating : 4.5/5 (17 download)

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Book Synopsis Back-Alley Banking by : Kellee S. Tsai

Download or read book Back-Alley Banking written by Kellee S. Tsai and published by Cornell University Press. This book was released on 2018-05-31 with total page 335 pages. Available in PDF, EPUB and Kindle. Book excerpt: Chinese entrepreneurs have founded more than thirty million private businesses since Beijing instituted economic reforms in the late 1970s. Most of these private ventures, however, have been denied access to official sources of credit. State banks continue to serve state-owned enterprises, yet most private financing remains illegal. How have Chinese entrepreneurs managed to fund their operations? In defiance of the national banking laws, small business owners have created a dizzying variety of informal financing mechanisms, including rotating credit associations and private banks disguised as other types of organizations. Back-Alley Banking includes lively biographical sketches of individual entrepreneurs; telling quotations from official documents, policy statements, and newspaper accounts; and interviews with a wide variety of women and men who give vivid narratives of their daily struggles, accomplishments, and hopes for future prosperity. Kellee S. Tsai's book draws upon her unparalleled fieldwork in China's world of shadow finance to challenge conventional ideas about the political economy of development. Business owners in China, she shows, have mobilized local social and political resources in innovative ways despite the absence of state-directed credit or a well-defined system of private property rights. Entrepreneurs and local officials have been able to draw on the uncertainty of formal political and economic institutions to enhance local prosperity.

The Chinese Economy in the 21st Century

Author : Barbara Krug
Publisher : Edward Elgar Publishing
ISBN 13 : 9781782543411
Total Pages : 272 pages
Book Rating : 4.5/5 (434 download)

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Book Synopsis The Chinese Economy in the 21st Century by : Barbara Krug

Download or read book The Chinese Economy in the 21st Century written by Barbara Krug and published by Edward Elgar Publishing. This book was released on 2007-01-01 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: The authors discuss the role of local institutions in coordinating business activities and unleashing entrepreneurship, arguing that the sudden growth of new firms and industries is facilitated by changes in business behaviour and institutions. Initial private exchange and investment in an environment of ill-functioning markets are shown to depend on local networks and local business culture which, in turn, rely on local tax regimes setting incentives for inherited bureaucracies to engage in economic transformation. Finally, the book establishes local institutions and local governance as crucial dimensions of China¿s emerging business system.

China's New Business Elite

Author : Margaret M. Pearson
Publisher : Univ of California Press
ISBN 13 : 0520923146
Total Pages : 218 pages
Book Rating : 4.5/5 (29 download)

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Book Synopsis China's New Business Elite by : Margaret M. Pearson

Download or read book China's New Business Elite written by Margaret M. Pearson and published by Univ of California Press. This book was released on 2023-09-01 with total page 218 pages. Available in PDF, EPUB and Kindle. Book excerpt: The transition from a planned to a market economy that began in China in the late 1970s unleashed an extraordinary series of changes, including increases in private enterprise, foreign investment, the standard of living, and corruption. Another result of economic reform has been the creation of a new class—China's new business elite. Margaret M. Pearson considers the impact that this new class is having on China's politics. She concludes that, contrary to the assumptions of Westerners, these groups are not at the forefront of the emergence of a civil society; rather, they are part of a system shaped deliberately by the Chinese state to ensure that economic development will not lead to democratization. This title is part of UC Press's Voices Revived program, which commemorates University of California Press's mission to seek out and cultivate the brightest minds and give them voice, reach, and impact. Drawing on a backlist dating to 1893, Voices Revived makes high-quality, peer-reviewed scholarship accessible once again using print-on-demand technology. This title was originally published in 1997. The transition from a planned to a market economy that began in China in the late 1970s unleashed an extraordinary series of changes, including increases in private enterprise, foreign investment, the standard of living, and corruption. Another result of

Resource Misallocation Among Listed Firms in China: The Evolving Role of State-Owned Enterprises

Author : Ms. Emilia M Jurzyk
Publisher : International Monetary Fund
ISBN 13 : 1513571923
Total Pages : 45 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Resource Misallocation Among Listed Firms in China: The Evolving Role of State-Owned Enterprises by : Ms. Emilia M Jurzyk

Download or read book Resource Misallocation Among Listed Firms in China: The Evolving Role of State-Owned Enterprises written by Ms. Emilia M Jurzyk and published by International Monetary Fund. This book was released on 2021-03-12 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt: We document that publicly listed Chinese state-owned enterprises (SOEs) are less productive and profitable than publicly listed firms in which the state has no ownership stake. In particular, Chinese listed SOEs are more capital intensive and have a lower average product of capital than non-SOEs. These productivity differences increased between 2002 and 2009, and remain sizeable in 2019. Using a heterogeneous firm model of resource misallocation, we find that there are large potential productivity gains from reforms which could equalize the marginal products of listed SOEs and listed non-SOEs.

China’s Domestic Transformation in a Global Context

Author : Ligang Song
Publisher : ANU Press
ISBN 13 : 1925022692
Total Pages : 467 pages
Book Rating : 4.9/5 (25 download)

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Book Synopsis China’s Domestic Transformation in a Global Context by : Ligang Song

Download or read book China’s Domestic Transformation in a Global Context written by Ligang Song and published by ANU Press. This book was released on 2015-07-08 with total page 467 pages. Available in PDF, EPUB and Kindle. Book excerpt: The phrase ‘New Normal’ captures the ongoing shift in the pattern and drivers of China’s economic growth. China’s new growth rate is both slower and imposing difficult structural change. These new economic conditions are challenging yet offer opportunities for China and its economic partners. Reforms must be deepened but also make growth more inclusive and environmentally sustainable, over this decade and beyond. This year’s Update offers both global context and domestic insight into this challenging new phase of China’s domestic economic transformation. How are policymakers elevating migrant workers concurrent with increasing consumption? Is China’s government spending enough on education and R&D to ensure it can achieve its aspirations to ascend the global manufacturing value chain and avoid the middle-income trap? Are energy market reforms reducing or increasing the price of gas and electricity in China? What are the consequences of China’s financial reforms and expanding Renminbi trading for foreign banks? What does China’s new growth model mean for the international resources economy and for Africa? Do SOEs face market conditions and are they dominating China’s fast-rising outbound investment? What is China’s strategy for navigating fragmented international trade policy negotiations?

To Get Rich Is Glorious

Author : Jacques deLisle
Publisher : Brookings Institution Press
ISBN 13 : 0815737262
Total Pages : 290 pages
Book Rating : 4.8/5 (157 download)

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Book Synopsis To Get Rich Is Glorious by : Jacques deLisle

Download or read book To Get Rich Is Glorious written by Jacques deLisle and published by Brookings Institution Press. This book was released on 2019-09-24 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: " In 1978, China launched economic reforms that have resulted in one of history’s most dramatic national transformations. The reforms removed bureaucratic obstacles to economic growth and tapped China’s immense reserves of labor and entrepreneurial talent to unleash unparalleled economic growth in the country. In the four decades since, China has become the world’s second-largest economy after the United States, and a leading force in international trade and investment. As the contributors to this volume show, China also faces daunting challenges in sustaining growth, continuing its economic ransformation, addressing the adverse consequences of economic success, and dealing with mounting suspicion from the United States and other trade and investment partners. China also confronts risks stemming from the project to expand its influence across the globe through infrastructure investments and other projects under the Belt and Road Initiative. At the same time, China’s current leader, Xi Jinping, appears determined to make his own lasting mark on the country and on China’s use of its economic clout to shape the world around it. "

The State Strikes Back

Author : Nicholas R. Lardy
Publisher : Peterson Institute for International Economics
ISBN 13 : 0881327387
Total Pages : 251 pages
Book Rating : 4.8/5 (813 download)

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Book Synopsis The State Strikes Back by : Nicholas R. Lardy

Download or read book The State Strikes Back written by Nicholas R. Lardy and published by Peterson Institute for International Economics. This book was released on 2019-01-01 with total page 251 pages. Available in PDF, EPUB and Kindle. Book excerpt: China's extraordinarily rapid economic growth since 1978, driven by market-oriented reforms, has set world records and continued unabated, despite predictions of an inevitable slowdown. In The State Strikes Back: The End of Economic Reform in China?, renowned China scholar Nicholas R. Lardy argues that China's future growth prospects could be equally bright but are shadowed by the specter of resurgent state dominance, which has begun to diminish the vital role of the market and private firms in China's economy. Lardy's book arrives in timely fashion as a sequel to his pathbreaking Markets over Mao: The Rise of Private Business in China, published by PIIE in 2014. This book mobilizes new data to trace how President Xi Jinping has consistently championed state-owned or controlled enterprises, encouraging local political leaders and financial institutions to prop up ailing, underperforming companies that are a drag on China's potential. As with his previous book, Lardy's perspective departs from conventional wisdom, especially in its contention that China could achieve a high growth rate for the next two decades—if it reverses course and returns to the path of market-oriented reforms.

Entrepreneurship and Economic Growth in China

Author : Ting Zhang
Publisher : World Scientific
ISBN 13 : 9814273368
Total Pages : 358 pages
Book Rating : 4.8/5 (142 download)

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Book Synopsis Entrepreneurship and Economic Growth in China by : Ting Zhang

Download or read book Entrepreneurship and Economic Growth in China written by Ting Zhang and published by World Scientific. This book was released on 2013 with total page 358 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides an analysis of the existing economic dynamics and factors contributing to entrepreneurship in China. Featuring contributions from prominent authors such as Zoltan Acs and Jian Gao, it first poses a theoretical question of whether entrepreneurship exists in China and, if so, the extent and form it takes. This book also examines whether the nature of entrepreneurship in China differs from that elsewhere. Following this investigation, empirical tests and analyses focus on important issues such as: What is the special value of entrepreneurship in China? Does entrepreneurship in China drive economic growth like it does in other more market-oriented economies? What is entrepreneurship in China like? What is its history, nature, environment, and what are some of the underlying diversities or challenges it is facing? Assuming entrepreneurship in China is important to economic growth, how can public policy help to enhance the entrepreneurship milieu in China? Finally, based on the empirical findings and potential policy implications, future directions of investigation are suggested.

China's Emerging Private Enterprises

Author : Neil F. Gregory
Publisher : World Bank Publications
ISBN 13 : 9780821348499
Total Pages : 94 pages
Book Rating : 4.3/5 (484 download)

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Book Synopsis China's Emerging Private Enterprises by : Neil F. Gregory

Download or read book China's Emerging Private Enterprises written by Neil F. Gregory and published by World Bank Publications. This book was released on 2000-01-01 with total page 94 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report aims to take stock of the domestic private sector in China which has emerged over the past twenty years. It is based on surveys and interviews carried out in four locations in China where private sector development is relatively advanced. These studies were supplemented by discussions with entrepreneurs, industry associations, and government officials. The report focuses on three main themes: the structure of private enterprises, the enabling environment for their development and, access to financing. For each of these areas, the report presents an analysis of constraints on private sector development and outlines an agenda for addressing these constraints. The report recommends that, in order to encourage continuing private sector growth, the government should create a level playing field for all enterprises by intervening less and focusing on improved commercial legislation and more open markets. Financial institutions must develop to serve the private sector, and private enterprises need to mature and improve their corporate governance, in order to derive the most benefit from improvements in the business environment.

Private Sector Development in the People's Republic of China

Author : Toshiki Kanamori
Publisher :
ISBN 13 :
Total Pages : 136 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Private Sector Development in the People's Republic of China by : Toshiki Kanamori

Download or read book Private Sector Development in the People's Republic of China written by Toshiki Kanamori and published by . This book was released on 2004 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Capitalism with Chinese Characteristics

Author : Yasheng Huang
Publisher : Cambridge University Press
ISBN 13 : 1139475134
Total Pages : 560 pages
Book Rating : 4.1/5 (394 download)

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Book Synopsis Capitalism with Chinese Characteristics by : Yasheng Huang

Download or read book Capitalism with Chinese Characteristics written by Yasheng Huang and published by Cambridge University Press. This book was released on 2008-09-01 with total page 560 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

The Chinese Economy, second edition

Author : Barry J. Naughton
Publisher : MIT Press
ISBN 13 : 0262344076
Total Pages : 609 pages
Book Rating : 4.2/5 (623 download)

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Book Synopsis The Chinese Economy, second edition by : Barry J. Naughton

Download or read book The Chinese Economy, second edition written by Barry J. Naughton and published by MIT Press. This book was released on 2018-03-23 with total page 609 pages. Available in PDF, EPUB and Kindle. Book excerpt: The new edition of a comprehensive overview of the modern Chinese economy, revised to reflect the end of the “miracle growth” period. This comprehensive overview of the modern Chinese economy by a noted expert on China's economic development offers a quality and breadth of coverage not found in any other English-language text. In The Chinese Economy, Barry Naughton provides both a broadly focused introduction to China's economy since 1949 and original insights based on his own extensive research. This second edition has been thoroughly revised to reflect a decade of developments in China's economy, notably the end of the period of “miracle growth” and the multiple transitions it now confronts—demographic, technological, macroeconomic, and institutional. Coverage of macroeconomic and financial policy has been significantly expanded. After covering endowments, legacies, economic systems, and general issues of economic structure, labor, and living standards, the book examines specific economic sectors, including agriculture, industry, technology, and foreign trade and investment. It then treats financial, macroeconomic, and environmental issues. The book covers such topics as patterns of growth and development, including population growth and the one-child family policy; the rural and urban economies, including rural industrialization and urban technological development; incoming and outgoing foreign investment; and environmental quality and the sustainability of growth. The book will be an essential resource for students, teachers, scholars, business practitioners, and policymakers. It is suitable for classroom use for undergraduate or graduate courses.

China’s 40 Years of Reform and Development: 1978–2018

Author : Ross Garnaut
Publisher : ANU Press
ISBN 13 : 176046225X
Total Pages : 709 pages
Book Rating : 4.7/5 (64 download)

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Book Synopsis China’s 40 Years of Reform and Development: 1978–2018 by : Ross Garnaut

Download or read book China’s 40 Years of Reform and Development: 1978–2018 written by Ross Garnaut and published by ANU Press. This book was released on 2018-07-19 with total page 709 pages. Available in PDF, EPUB and Kindle. Book excerpt: The year 2018 marks 40 years of reform and development in China (1978–2018). This commemorative book assembles some of the world’s most prominent scholars on the Chinese economy to reflect on what has been achieved as a result of the economic reform programs, and to draw out the key lessons that have been learned by the model of growth and development in China over the preceding four decades. This book explores what has happened in the transformation of the Chinese economy in the past 40 years for China itself, as well as for the rest of the world, and discusses the implications of what will happen next in the context of China’s new reform agenda. Focusing on the long-term development strategy amid various old and new challenges that face the economy, this book sets the scene for what the world can expect in China’s fifth decade of reform and development. A key feature of this book is its comprehensive coverage of the key issues involved in China’s economic reform and development. Included are discussions of China’s 40 years of reform and development in a global perspective; the political economy of economic transformation; the progress of marketisation and changes in market-compatible institutions; the reform program for state-owned enterprises; the financial sector and fiscal system reform, and its foreign exchange system reform; the progress and challenges in economic rebalancing; and the continuing process of China’s global integration. This book further documents and analyses the development experiences including China’s large scale of migration and urbanisation, the demographic structural changes, the private sector development, income distribution, land reform and regional development, agricultural development, and energy and climate change policies.

An Analysis of State-Owned Enterprises and State Capitalism in China

Author : Andrew Szamosszegi
Publisher : Createspace Independent Publishing Platform
ISBN 13 : 9781475293258
Total Pages : 122 pages
Book Rating : 4.2/5 (932 download)

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Book Synopsis An Analysis of State-Owned Enterprises and State Capitalism in China by : Andrew Szamosszegi

Download or read book An Analysis of State-Owned Enterprises and State Capitalism in China written by Andrew Szamosszegi and published by Createspace Independent Publishing Platform. This book was released on 2011-10-26 with total page 122 pages. Available in PDF, EPUB and Kindle. Book excerpt: China's breathtaking economic growth, has often led observers to assume that the country's economic system has been transformed into a capitalist economy dominated by private enterprise. Although China's reliance on private enterprise and market-based incentives has been growing, and the CCP's treatment of private enterprises and entrepreneurs has been changing, it would be a mistake to minimize the current role of the State and the CCP in shaping economic outcomes in China and beyond. The Chinese government and state-owned enterprises (SOEs) remain potent economic forces. Indeed, some of China's SOEs are among the largest firms in China and the world. They are major investors in foreign countries. They have been involved in some of the largest initial public offerings in recent years and remain the controlling owners of many major firms listed on Chinese and foreign stock exchanges.