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Exit the Dragon?. Privatization and State Control in China. Chatham House Papers

  • ID: 2715450
  • Book
  • February 2005
  • Region: China
  • 252 Pages
  • John Wiley and Sons Ltd
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The Chinese state is withdrawing from industry at speed. A sale of state assets of huge proportions began in the early 1990s. Most small and medium–sized state–owned enterprises (SOEs) have already been sold, the majority to their own staff, as have township and village enterprises. Large firms, particularly in strategic sectors, are being treated differently. The government is selling stakes in some, but the largest and best firms are being retained, and new state agencies and incentive mechanisms are being used to boost their performance.

This volume, drawing on the research of ten scholars from around the world, is the first book–length work to examine and evaluate China s privatization experience. It tackles a number of important questions. What factors determine the decision by government officials to sell or retain their firms? How efficient and fair is the sale process? How credible is the government s ambition to create world–class state–owned conglomerates?

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Introduction: Stephen Green & Guy S. Liu.

Part I: Retreat: Privatisation Motives and Methods.

1. China s industrial reform strategy: retreat and retain: Stephen Green & Guy Liu.

2. Privatization in the former Soviet bloc: Has China learned the lessons?: Stephen Green.

3. Chinese–style privatization: motives and constraints: Guy Liu, Pei Sun & Wing T. Woo.

4. The effects of privatization on China s industrial performance: Liu Xiaoxuan.

5. Ownership reform in China s TVEs: Sun Laixiang.

6. China s public firms: how much privatization?: Guy Liu & Pei Sun.

7. The privatization two–step at China s listed firms: Stephen Green.

8. Urban housing privatization: Li Bingqin.

Part II: Retain: Non–privatization Industrial Reforms.

9. China s privatization ministry? The State–owned Assets Supervision and Administration Commission: Stephen Green & He Ming.

10. Prospects for privatization in China s energy sector: Philip Andrews–Speed and Cao Zhenning.

11. Private investment in China s telecommunication sector: no Chinese, no foreigners allowed?: Marc Laperrouza.

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Stephen Green
Guy S. Liu
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