Shareholding system reform in China privatizing by groping for stones
1. Introduction -- 2. Shareholding system reform as the Chinese way of privatization -- 3. Evolution of the shareholding system reform -- 4. The role of spontaneity and state initiative in the shareholding system reform -- 5. Foreign participation in China's privatization and the role of the st...
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| Format: | eBook |
| Language: | English |
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Cheltenham, U.K
Edward Elgar Pub
2010
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| Collection: | Edward Elgar eBook Archive - Collection details see MPG.ReNa |
| Summary: | 1. Introduction -- 2. Shareholding system reform as the Chinese way of privatization -- 3. Evolution of the shareholding system reform -- 4. The role of spontaneity and state initiative in the shareholding system reform -- 5. Foreign participation in China's privatization and the role of the state -- 6. China's privatization through listing state enterprises in Hong Kong -- 7. Completing privatization through "share conversion" -- 8. Conclusion : privatizing through groping for stepping stones Since the 1980s, there has been a global wave of transfer of state assets to private hands. China is a relatively late participant of this worldwide trend, yet, in the last decade it has emerged as one of the largest privatizing countries. Shu-Yun Ma argues that China's privatization is not based on any grand blueprint; rather, it is privatization by "groping for stones to cross the river", a well-known metaphor often attributed to Deng Xiaoping, meaning that the reform simply proceeds on a trial-and-error basis without being guided by any theory |
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| Physical Description: | vi, 166 p ill |
| ISBN: | 9781848440517 9781849805360 |