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Assessing the Extent of Chinas Marketization


Description: China is indisputably one of the most dynamic economic regions in the world; however the character, nature and extent of its market economy status remains in question.

This book provides an empirical analysis of many aspects of the developing market economy including: government reform; the marketization of enterprises; land transactions; capital transactions and finance; the market determination of wage rates; the development of intermediary organizations; and the improvement in the economys legal framework.

Chinas economic growth has also brought conflict with both the EU and the US. This book examines the contentious debates such as: the extent of renminbi convertibility; the independence of the financial sector; the freedom of labour in wage-rate bargaining; the extent of foreign investment; the extent of government ownership of enterprises; the protection of property rights; and the development of company law and of corporate governance.


Contents: Part I New Progress in Market Economy in 2002 and 2003: Reform of government administrative system, Yang Yue
Marketization of enterprises, Gao Minghua
Labour flow and market determination of wage rates, Qu Yanfang and Jiang Xiaohua
Market-determined capital transaction, Wang Nuo and Sun Ying
Market–oriented land transaction, Ju Zhengshan and Liu Kexing
Marketization of trade, Li Bo and Wang Jue
Scale of intermediary organizations and their market–oriented operations, Wang Nuo and Wang Jingjing
Marketization of money and finance, Zhou Jinhuang and Xu Xiaoli
Improvement in Chinas market economy legal framework, Dong Nianqing
Evaluation of the degree of Chinas market economy development in 2002–2003, Li Xiaoxi, Shi Faqi, Gao Minghua and Zeng Xuewen

Appendix to chapter 10.


Part II The Development of Chinas Market Economy by Western Standards: The free convertibility of Renminbi, Gong Chungang
Independence of the financial sector, Zhou Jinhuang
Freedom of the employee in bargaining with the employer for wage rates, Zeng Xuewen
Extent of admission of foreign investment, Li Yong
Extent of government ownership or control of the means of production and enterprises, Jin Sanlin and Wei Yuanyuan
Extent of government control over the output, price and sales decisions of enterprises and over the allocation of resources, Jin Sanlin and Yang Qin
The protection of property rights and the bankruptcy law, Duan Ruijun
Implementation of laws and regulations relating to investment and taxation, Dong Nianqing
Company law and corporate governance, Liu Wenjun and Zhang Jing
Laws on enterprise accounting and auditing standards and their enforcement, Zhang Lei
The use and disposal of state-owned enterprises assets, Zhou Bo
Analysing corruption, trade ties, and other factors, Zhang Qi and Xu Yin

Bibliography
Index





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