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Corporate Governance and Financial Reform in China's Transition Economy$
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Jing Leng

Print publication date: 2009

Print ISBN-13: 9789622099319

Published to Hong Kong Scholarship Online: September 2011

DOI: 10.5790/hongkong/9789622099319.001.0001

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The History of China's Enterprise Reform and Emerging Corporate Governance Issues

The History of China's Enterprise Reform and Emerging Corporate Governance Issues

Chapter:
(p.39) 3 The History of China's Enterprise Reform and Emerging Corporate Governance Issues
Source:
Corporate Governance and Financial Reform in China's Transition Economy
Author(s):

Leng Jing

Publisher:
Hong Kong University Press
DOI:10.5790/hongkong/9789622099319.003.0003

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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