The History of China's Enterprise Reform and Emerging Corporate Governance Issues
The History of China's Enterprise Reform and Emerging Corporate Governance Issues
The policy priorities of the government went through a gradual shift. Initially, the government left out ownership restructuring from the SOE reform strategies. In the mid-1990s, however, the government attempted to experiment with new strategies through full or partial privatization. Several issues were to the forefront during the period in which China was undergoing the transition from a centrally planned economy to a market economy. This chapter attempts to look at how pacing and sequencing have significantly affected the selection and adjustment in the country's reform strategies through analyzing the historical background, designs, objectives, and the actual effects of alternative reform efforts throughout China's economic development. This chapter looks into the alternative strategies adopted in three stages of SOE reform while examining important debates regarding the reform's direction and methods.
Keywords: policy priority, privatization, transition, SOE reform strategies, ownership restructuring
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