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Chinas Ownership Transformation
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Book Synopsis China's Ownership Transformation by : Ross Garnaut
Download or read book China's Ownership Transformation written by Ross Garnaut and published by World Bank Publications. This book was released on 2005 with total page 262 pages. Available in PDF, EPUB and Kindle. Book excerpt: China's emergence as a global economic player has been accompanied by a major internal transformation. Over the past decade, the economy has made the transition from complete reliance on state-owned and collective enterprise to a mixed economy where private enterprise also plays a strong role. Gaizhi, a Chinese term meaning 'transforming the system', has become a major phenomenon in most parts of the country; in many cases it has involved full privatization. 'China's Ownership Transformation' applies descriptive and econometric analysis to survey, and official statistical data to examine, the progress of gaizhi over the years and across regions. It discusses the main players in the process, their motivation and incentives, and looks at the forms, scope, and timing of gaizhi. The authors also provide an assessment of the outcomes of gaizhi, focusing on employee issues, corporate governance issues and firm performance. The book concludes with discussion of the issues related to the fairness and efficiency of the gaizhi process, particularly concerning the role of management buy-outs and outside investors. These issues are at the center of a lively public debate in China, which is likely to influence future Chinese policies toward gaizhi. This title provides researchers, students, policymakers, and those interested in the emergence of China as a global manufacturing and economic powerhouse with in-depth information on the transformation of its state-owned sector.
Book Synopsis Under New Ownership by : Shahid Yusuf
Download or read book Under New Ownership written by Shahid Yusuf and published by World Bank Publications. This book was released on 2006 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt: Although China's centrally planned economy is a little more than a shadow of its former self, the closely inter-linked reforms of the enterprise and banking sectors are still incomplete. The relative size of the state-owned enterprise sector has been much reduced, however, the sector remains the dominant borrower from the banking system and is responsible for the majority of bank non-performing assets. Thus in the interests of financial stability it is crucial to implement the remaining reform agenda. The accession to the WTO has also made it more urgent for China's most-dynamic state-owned en.
Book Synopsis The Performance Impact of Firm Ownership Transformation in China by : John Beirne
Download or read book The Performance Impact of Firm Ownership Transformation in China written by John Beirne and published by . This book was released on 2013 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Reform of Ownership in Modern China by : Zou Dongtao
Download or read book Reform of Ownership in Modern China written by Zou Dongtao and published by . This book was released on 2012 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Uses case studies, research findings and academic analysis to examine the sequence of ownership reform and its challenges since China's opening up policy was introduced 30 years ago. Edited by leading Chinese academics Zou Dongtao and Ouyang Rihui from CASS, it offers an authoritative examination of the changing theories and practice of public ownership, China's modern property rights policies, ownership structures and the consequent economic impacts, developments around private investment and ownership reform, rural land reforms, plus key material on China's economic transformation. Whilst the issue of ownership reform is a serious and scholarly one, the authors combine rich research knowledge with examples and academic theories, plus quotations, anecdotes, idioms, and Chinese sayings to help elaborate theoretical problems. Ownership reform is of immense practical concern to the future of China and the world's economy as well as a key topic in economic theory"--P. [4] of cover.
Book Synopsis Ownership in China's Transitional Economy by : Yang Chen
Download or read book Ownership in China's Transitional Economy written by Yang Chen and published by . This book was released on 2007 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study develops an understanding of the change of ownership and property rights in the context of China in transition and challenges conventional property rights theories which fail to consider the context of the societies in which economic institutions operate.
Book Synopsis The Chinese Economic Transformation by : Song, Ligang
Download or read book The Chinese Economic Transformation written by Song, Ligang and published by ANU Press. This book was released on 2019-07-10 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Chinese Economic Transformation, the 19th volume in the China Update book series, provides an opportunity for young economists to share their views on various issues relating to the Chinese economic transformation. More than half of the contributors to this book are female scholars. Some of the contributors are rising stars in the studies of the Chinese economy and economic transition, and some only recently received their PhDs and are on their way to establishing themselves in the field of China studies. But they have one thing in common: to passionately observe, study and research what is going on in the Chinese economic transformation during the reform period; and, by so doing, make contributions to the policy debates on, and general understanding of, the Chinese economy. The chapters in this volume include an in-depth probe into challenges in capital and credit allocation due to financial friction and policy distortions; investigating the causes of growth slow-down in China and suitable policy responses; the evolution of the household registration system and its impact on off-farm employment and the integration of rural and urban labour markets; the growth, scale and characteristics of nonstandard employment; the development of rural e-commerce and its economic impact; innovation performance of listed enterprises in China; financial services liberalisation and its impact on firms’ performance; financing support schemes for small and medium-sized enterprises (SMEs) and the effect on banks’ credit allocation to SMEs; the potential costs of US–China trade conflict and ways to mitigate them; gender income gap in China’s labour market; causes of blockage of Chinese overseas direct investment and strategies to reduce the probability of encountering obstacles; and the role of state capital in the iron ore boom in Australia. The great variety of topics in this year’s Update allows readers to understand the current shape of the Chinese economy and to think deeply about policies and necessary reforms for future growth and development.
Book Synopsis China's State-owned Enterprises by : Hong Sheng
Download or read book China's State-owned Enterprises written by Hong Sheng and published by World Scientific. This book was released on 2013 with total page 407 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Nature, the Performance, and the Reform of State-owned Enterprises provides a detailed description of state-owned enterprises (SOEs) in China with respect to both efficiency and income distribution. It shows that state ownership in the form of SOEs does not use resources efficiently and has a poor record in income distribution. Moreover, SOEs are found to enjoy unfair advantages in their competition with other firms. To illustrate the point, the book presents data revealing how favored policies, monopolistic powers, and subsidies benefit SOEs. These advantages are worth several trillion yuans a year. It is a sad irony that such wealth of the people is used to beef up the revenues of the SOEs, making their accounts look much better than they should be.This book, with its rich empirical data and information, is an authoritative reference for researchers interested in SOEs. It is also a good read for students of social sciences and the public to learn more about SOEs.
Book Synopsis A Different Transition Path by : Chenggang Xu
Download or read book A Different Transition Path written by Chenggang Xu and published by Routledge. This book was released on 2018-07-27 with total page 182 pages. Available in PDF, EPUB and Kindle. Book excerpt: Originally published in 1995 this volume examines and analyzes the factors that have made the township-village enterprise (TVE) such a driver of growth in the Chinese economy in recent years. The book analyzes the background of the TVE and discusses regional differences in TVE efficiency as well as examining the apparent contradiction of the success of the TVE despite the lack of well-defined property rights. Issues of rural-rural and rural-urban migration phenomena are discussed and the differences discussed between the Chinese economy and those of other developing nations.
Book Synopsis China's Great Economic Transformation by : Loren Brandt
Download or read book China's Great Economic Transformation written by Loren Brandt and published by Cambridge University Press. This book was released on 2008-04-14 with total page 887 pages. Available in PDF, EPUB and Kindle. Book excerpt: This landmark study provides an integrated analysis of China's unexpected economic boom of the past three decades. The authors combine deep China expertise with broad disciplinary knowledge to explain China's remarkable combination of high-speed growth and deeply flawed institutions. Their work exposes the mechanisms underpinning the origin and expansion of China's great boom. Penetrating studies track the rise of Chinese capabilities in manufacturing and in research and development. The editors probe both achievements and weaknesses across many sectors, including China's fiscal, legal, and financial institutions. The book shows how an intricate minuet combining China's political system with sectorial development, globalization, resource transfers across geographic and economic space, and partial system reform delivered an astonishing and unprecedented growth spurt.
Book Synopsis Deng Xiaoping and the Transformation of China by : Ezra F. Vogel
Download or read book Deng Xiaoping and the Transformation of China written by Ezra F. Vogel and published by Harvard University Press. This book was released on 2013-10-14 with total page 553 pages. Available in PDF, EPUB and Kindle. Book excerpt: Winner of the Lionel Gelber Prize National Book Critics Circle Award Finalist An Economist Best Book of the Year | A Financial Times Book of the Year | A Wall Street Journal Book of the Year | A Washington Post Book of the Year | A Bloomberg News Book of the Year | An Esquire China Book of the Year | A Gates Notes Top Read of the Year Perhaps no one in the twentieth century had a greater long-term impact on world history than Deng Xiaoping. And no scholar of contemporary East Asian history and culture is better qualified than Ezra Vogel to disentangle the many contradictions embodied in the life and legacy of China’s boldest strategist. Once described by Mao Zedong as a “needle inside a ball of cotton,” Deng was the pragmatic yet disciplined driving force behind China’s radical transformation in the late twentieth century. He confronted the damage wrought by the Cultural Revolution, dissolved Mao’s cult of personality, and loosened the economic and social policies that had stunted China’s growth. Obsessed with modernization and technology, Deng opened trade relations with the West, which lifted hundreds of millions of his countrymen out of poverty. Yet at the same time he answered to his authoritarian roots, most notably when he ordered the crackdown in June 1989 at Tiananmen Square. Deng’s youthful commitment to the Communist Party was cemented in Paris in the early 1920s, among a group of Chinese student-workers that also included Zhou Enlai. Deng returned home in 1927 to join the Chinese Revolution on the ground floor. In the fifty years of his tumultuous rise to power, he endured accusations, purges, and even exile before becoming China’s preeminent leader from 1978 to 1989 and again in 1992. When he reached the top, Deng saw an opportunity to creatively destroy much of the economic system he had helped build for five decades as a loyal follower of Mao—and he did not hesitate.
Book Synopsis Enterprise Reform in China by : Gary H. Jefferson
Download or read book Enterprise Reform in China written by Gary H. Jefferson and published by Oxford University Press, USA. This book was released on 1999 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The transformation and growth of China's economy, which raised living standards for one-fifth of the world's population and provided indirect benefits for many more, stands among the most significant economic developments of the late 20th century. This book rests on two premises. The first is that the key to China's dramatic economic transformation is that country's industrialization. The second is that the real story of China's industrialization is unfolding at the level of the individual Chinese enterprise and factory. This volume seeks to document the impact of economic reforms on China's industrial sector and to explain why China's reforms, which appear meager compared to the more ambitious reform programmes of Eastern Europe and even Russia, have had such wide-reaching effects.
Book Synopsis China’s State Enterprises by : Ran Li
Download or read book China’s State Enterprises written by Ran Li and published by Springer. This book was released on 2018-06-27 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book focuses on the nature and significance of China’s state enterprises which have undergone substantial changes since China’s economic liberalization in 1978. It argues that much of the criticism is based on mistaken premises, where even the term ‘state-owned enterprises’ is a misnomer given that the emphasis is much less on ownership than on control. Using numerous case studies, this book highlights the extent to which these enterprises have evolved in response to reforms, and provides an in-depth analysis of their role in China’s outward investment strategy in the “Belt and Road” initiative. This role speaks to their growing influence as China expands her global footprint.
Book Synopsis The China Paradox by : Paul G. Clifford
Download or read book The China Paradox written by Paul G. Clifford and published by Walter de Gruyter GmbH & Co KG. This book was released on 2021-12-06 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt: In The China Paradox: At the Front Line of Economic Transformation, Harvard University-based historian of modern China and business strategist Dr. Paul G. Clifford documents the twists and turns of China’s dramatic and unforeseen rise over the last four decades. He sheds light on the delicate and fragile balance of forces at the heart of the success of China’s hybrid model, explaining how the ruling Communist Party boldly led the nation’s economic reforms as the surest way to preserve its grip on political power. Five years after this book was first published, much has changed within China and in its relationship with the world. This second edition provides extensive fresh new material. It explains how China has raised its game, moving from a catch-up mode to technological innovation in some areas, while still languishing in technology dependence in other respects. Earlier, China had shown signs that its driving spirit was faltering with its sails flapping. Under Xi Jinping, renewed energy has been injected. But at the same time Xi and his party have strongly reinforced their control across society and the economy, posing the question of whether Xi’s New Era in fact marks a retreat from the reforms. This second edition contains two new chapters. One profiles Huawei, a national champion in advanced technology. Another focuses on China’s frictions with the world which have been fueled by a perception that its technology progress threatens US global dominance, coupled with China’s human rights record. In addition, against a background of the challenges faced by Alibaba and other firms, there is analysis of this watershed in China’s private sector’s autonomy. There is also extensive new insight into Xi Jinping’s rule. As it celebrates its 100th anniversary in 2021, the Chinese Communist Party displays strong optimism over its continued governance of China. But that should not mask the longer-term risks to China’s development and stability if its hybrid model continues to unravel as reforms are abandoned in favor of heightened autocracy.
Book Synopsis Ownership of Trust Property in China by : Zhen Meng
Download or read book Ownership of Trust Property in China written by Zhen Meng and published by Springer. This book was released on 2017-07-25 with total page 178 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents a hotly debated issue concerning the ownership of trust property in China. The book describes various conventional interpretations of Chinese Trust Law submitted by legal scholars and compares diverse approaches regarding the ownership of trust property provided by jurisdictions globally. The book does not directly answer the question “Who is the owner of trust property in China?” Instead, using a social capital perspective, it develops a more practical perspective to explain why Chinese trust business has grown rapidly even in lack of legal certainty regarding the location of ownership of trust property. The book also further predicts under what conditions is the time ripe to clarify the location of the ownership of trust property in China. By employing those sociological concepts often used to depict and analyze society, this book outlines the structure of the Chinese trust business and related social relations in different stages, i.e., the current rapid development stage, and the possible transitional stage in the near future. The focus is on how the social network structure affects the behavior of actors (such as the settlor, the trustee, and the beneficiaries, and/or their potential candidates) within the relevant section of Chinese society. The book provides readers with an intensive analysis of the impacts of historical, cultural, and social elements on the legislation and development of trust law in China. It will appeal both to lawyers interested in the Chinese trust business and to comparative law researchers and social scientists.
Book Synopsis Reform of Ownership in Modern China by : Zou Dongtao
Download or read book Reform of Ownership in Modern China written by Zou Dongtao and published by . This book was released on 2015 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This key book - now available in paperback - uses case studies, research findings, and clear examples to examine the sequence and difficulties of China's ownership reforms since the reform and opening up policy was introduced 30 years ago. Leading Chinese academics Zou Dongtao and Ouyang Rihui discuss all aspects of this vital subject, including the changing theories and practice of public ownership, China's modern property rights policies, ownership structures and the consequent economic impacts, developments around private investment and ownership reform, rural land reforms, and China's economic transformation. The book combines rich research knowledge with examples and academic theories, plus quotations, anecdotes, idioms, and Chinese sayings to help elaborate theoretical problems. Examples include the use of Chinese idioms to illustrate various theorems in a Chinese context. Case studies include 'the first enterprise contractor in China' and 'the first private restaurant in China.' Ownership reform is of immense practical concern to the future of China and the world's economy, as well as a key topic in economic theory. The degree of understanding of this phenomenon will influence or even decide the process and pace of other reforms in China. The book supplies important and practical insight into all aspects of ownership reform, which will benefit those countries considering and debating whether to choose between privatization and nationalization, especially socialist countries undergoing reform. (Series: Economic Change in China) [Subject: Asian Studies, Chinese Studies, Economics, Politics, History, Public Policy]
Book Synopsis How Reform Worked in China by : Yingyi Qian
Download or read book How Reform Worked in China written by Yingyi Qian and published by MIT Press. This book was released on 2017-11-24 with total page 414 pages. Available in PDF, EPUB and Kindle. Book excerpt: A noted Chinese economist examines the mechanisms behind China's economic reforms, arguing that universal principles and specific implementations are equally important. As China has transformed itself from a centrally planned economy to a market economy, economists have tried to understand and interpret the success of Chinese reform. As the Chinese economist Yingyi Qian explains, there are two schools of thought on Chinese reform: the “School of Universal Principles,” which ascribes China's successful reform to the workings of the free market, and the “School of Chinese Characteristics,” which holds that China's reform is successful precisely because it did not follow the economics of the market but instead relied on the government. In this book, Qian offers a third perspective, taking certain elements from each school of thought but emphasizing not why reform worked but how it did. Economics is a science, but economic reform is applied science and engineering. To a practitioner, it is more useful to find a feasible reform path than the theoretically best way. The key to understanding how reform has worked in China, Qian argues, is to consider the way reform designs respond to initial historical conditions and contemporary constraints. Qian examines the role of “transitional institutions”—not “best practice institutions” but “incentive-compatible institutions”—in Chinese reform; the dual-track approach to market liberalization; the ownership of firms, viewed both theoretically and empirically; government decentralization, offering and testing hypotheses about its link to local economic development; and the specific historical conditions of China's regional-based central planning.
Book Synopsis Enterprise Reform in China: Ownership, Transition, and Performance by : Gary H. Jefferson
Download or read book Enterprise Reform in China: Ownership, Transition, and Performance written by Gary H. Jefferson and published by World Bank Group. This book was released on 1999 with total page 298 pages. Available in PDF, EPUB and Kindle. Book excerpt: The transformation and growth of China's economy, which raised living standards for one-fifth of the world's population and provided indirect benefits for many more, stands among the most significant economic developments of the late 20th century. This book rests on two premises. The first is that the key to China's dramatic economic transformation is that country's industrialization. The second is that the real story of China's industrialization is unfolding at the level of the individual Chinese enterprise and factory. This volume seeks to document the impact of economic reforms on China's industrial sector and to explain why China's reforms, which appear meager compared to the more ambitious reform programmes of Eastern Europe and even Russia, have had such wide-reaching effects.
