Reforming China S State Owned Enterprises And Banks

Author : Becky Chiu,Mervyn Lewis
Publisher : Edward Elgar Publishing
Page : 451 pages
File Size : 54,9 Mb
Release : 2006-01-01
Category : Business & Economics
ISBN : 9781845429881

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Reforming China's State-owned Enterprises and Banks by Becky Chiu,Mervyn Lewis Pdf

This book is informative and readable. It will be of interest to anyone wanting to learn about the development of the Chinese economy in general and the reforms of state-owned enterprises in particular. The data and in-depth discussion presented in the book will appeal to academics as well as policymakers. Yin-Fang Zhang, Journal of the Asia Pacific Economy China watchers will welcome a book which provides a detailed insight into the two pillars of that economy: the state-owned enterprises (SOEs) and the state-owned banks (SOBs). This is a scholarly work, rich in detail. Shelagh Heffernan, The Financial Regulator For China to sustain her transformation requires that she tackle reform of her state-owned enterprises (SOEs) and banks. This book comprehensively assesses the scale of the problem, reviews previous reforms and suggested solutions. Finally the authors propose their own reform agenda, sensitive to Chinese realities. Michael Artis, European University Institute, Italy This is an excellent study of the nexus between the effects of party control, the soft budget of state-owned enterprise (SOEs) and the financial fragility of the state-owned banking system (SOBs) in China. It is both sympathetic and knowledgeable about the problems of achieving reform and progress. Beautifully written, it should become the most influential work in this field in the English-speaking world. Charles A.E. Goodhart, London School of Economics, UK This book s starting point is that after two decades of experiments, during which other transition economies have effectively privatised all of their former state enterprises, China is still endeavouring to find a way to reinvent and re-engineer its own state-owned economic establishments. The authors explore these reforms along with the problems of China s state-owned banks, which have long been troubled by the adverse loans of Chinese enterprises and face foreign competition in 2007 under China s WTO commitments. Drawing on wide-ranging case studies of enterprise reform, Becky Chiu and Mervyn Lewis combine their extensive experience to give an authoritative account of China s enterprise and bank reform agenda, involving property rights, improved corporate governance and stimulating enterprise. This book will be of great interest to business economists, academic economists and those following the development of the Chinese economy.

Author : Justin Yifu Lin,Fang Cai,Zhou Li
Publisher : Chinese University Press
Page : 228 pages
File Size : 40,6 Mb
Release : 2001
Category : Business & Economics
ISBN : 9622019536

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State-owned Enterprise Reform in China by Justin Yifu Lin,Fang Cai,Zhou Li Pdf

This work is a continuation of the authors' earlier publication, "The China Miracle: Development Strategy and Economic Reform". The authors review the historical evolution of the state-owned enterprises, analyze the current problems, and suggest the direction for future reforms.

Author : Shangquan Gao,Fulin Chi
Publisher : Beijing : Foreign Languages Press
Page : 252 pages
File Size : 42,7 Mb
Release : 1997
Category : Business & Economics
ISBN : STANFORD:36105021273888

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Reforming China's State-owned Enterprises by Shangquan Gao,Fulin Chi Pdf

Author : Harry G. Broadman
Publisher : World Bank Publications
Page : 252 pages
File Size : 52,5 Mb
Release : 1996-01-01
Category : Political Science
ISBN : 082133686X

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Policy Options for Reform of Chinese State-owned Enterprises by Harry G. Broadman Pdf

Annotation World Bank Discussion Paper No. 335. Presents the proceedings of a high-level international symposium on Chinese state-owned enterprise reform held in Beijing, China, June 1995. This report includes five policy option papers presented by Chinese officials and one presented by the World Bank Group that makes recommendations for reform on the basis of the Group's international experience in this area.

Author : Shahid Yusuf,Kaoru Nabeshima,Dwight Heald Perkins
Publisher : World Bank Publications
Page : 300 pages
File Size : 49,7 Mb
Release : 2006
Category : Business & Economics
ISBN : 9780821356258

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Under New Ownership by Shahid Yusuf,Kaoru Nabeshima,Dwight Heald Perkins Pdf

Although China's centrally planned economy is a little more than a shadow of its former self, the closely inter-linked reforms of the enterprise and banking sectors are still incomplete. The relative size of the state-owned enterprise sector has been much reduced, however, the sector remains the dominant borrower from the banking system and is responsible for the majority of bank non-performing assets. Thus in the interests of financial stability it is crucial to implement the remaining reform agenda. The accession to the WTO has also made it more urgent for China's most-dynamic state-owned en.

Author : Yiping Huang
Publisher : Asia Pacific Press
Page : 256 pages
File Size : 45,5 Mb
Release : 2001
Category : Business & Economics
ISBN : UCSD:31822032135196

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China's Last Steps Across the River by Yiping Huang Pdf

Review of the evolution of China's economic reforms. Examines the evolution of the enterprise and banking institutions, the performance of state-owned banks and enterprises, assesses the impacts of the current policies and recommendations for future reforms. Includes appendix, references and index. Huang is a former Senior Lecturer in Economics and Director of the China Economy Program, Australian National University. He has also served as consultant for the World Bank, IMF, ABD and OECD. He has previously edited 'Growth without Miracles' and 'Agricultural Reform in China'.

Author : Ran Li,Kee Cheok Cheong
Publisher : Springer
Page : 216 pages
File Size : 40,6 Mb
Release : 2018-06-27
Category : Political Science
ISBN : 9789811301766

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China’s State Enterprises by Ran Li,Kee Cheok Cheong Pdf

This book focuses on the nature and significance of China’s state enterprises which have undergone substantial changes since China’s economic liberalization in 1978. It argues that much of the criticism is based on mistaken premises, where even the term ‘state-owned enterprises’ is a misnomer given that the emphasis is much less on ownership than on control. Using numerous case studies, this book highlights the extent to which these enterprises have evolved in response to reforms, and provides an in-depth analysis of their role in China’s outward investment strategy in the “Belt and Road” initiative. This role speaks to their growing influence as China expands her global footprint.

Author : Donald Daochi Tong
Publisher : Routledge
Page : 218 pages
File Size : 45,8 Mb
Release : 2017-11-22
Category : Business & Economics
ISBN : 9781351738385

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The Heart of Economic Reform by Donald Daochi Tong Pdf

This title was first published in 2002.Banking reform lies at the heart of economic reform in China and is central to sustaining the countries high economic growth. This timely book covers an important economic policy issue in China, namely the existing and potential roles of the financial sector in the development of the Chinese economy. It explores for the first time the relationship between the reforms of the financial sector, of state-owned enterprises (SOEs) and of the social welfare system. Donald D. Tong presents a wealth of valuable data accompanied by original insights and interpretations. The author also examines the original estimates of the cost of the social welfare burden given that social services such as old age pension, housing, healthcare and education are provided by the SOEs rather than by the private or public sector directly.

Author : Leila Fernandez-Stembridge,Juan Antonio Fernandez
Publisher : Routledge
Page : 437 pages
File Size : 54,9 Mb
Release : 2007-01-24
Category : Business & Economics
ISBN : 9781134142903

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China's State Owned Enterprise Reforms by Leila Fernandez-Stembridge,Juan Antonio Fernandez Pdf

Much has been written on China's State-Owned Enterprises ( SOEs) reform following the restructuring impact on China's economic reform process in the last decade. However, as a major root of social and economic change, little has been discussed beyond a description of SOEs shortcomings and their overall impact on the economy. This book provides a more in-depth analysis of SOEs by assessing the transformation process of eleven specific industries, with reference to the state of competition, the influence of WTO membership and the challenges these industries face in the future. Importantly, the authors also provide a personal perspective alongside the industry analysis with eleven case studies of firms actually undergoing this restructuring process, including interviews with crucial agents of reform such as CEOs and GMs. The provision of both a macro and business perspective of SOEs reforms provides the reader with a complete and accurate insight into the economic, social and business reality of China today. China's State Owned Enterprises' Reforms will therefore be essential reading for those interested in the Chinese economy and Chinese business, as well as economists, foreign investors, MBA and EMBA students and scholars specializing in emerging or transitional economies.

Author : Wang Mengkui
Publisher : Routledge
Page : 631 pages
File Size : 43,6 Mb
Release : 2013-02-28
Category : Business & Economics
ISBN : 9781136488313

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Thirty Years of China's Reform by Wang Mengkui Pdf

China Development Research Foundation is one of the leading economic think tanks in China, where many of the details of China’s economic reform have been formulated. Its work and publications therefore provide great insights into what the Chinese themselves think about economic reform and how it should develop. This book presents a comprehensive survey of China’s reforms of the last thirty years. Its coverage includes macroeconomic policy; banking, finance, capital markets and tax; trade; labour markets; price reform; social security; and much else. Overall, it provides an invaluable assessment of the reforms from the perspective of experts within China, including an appraisal of how extensive the reforms have been, what consequences have turned out, and how far the reforms have been successful.

Author : Huiming Zhang
Publisher : Routledge
Page : 215 pages
File Size : 54,5 Mb
Release : 2021-07-29
Category : Business & Economics
ISBN : 9781000405507

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Political and Economic Analysis of State-Owned Enterprise Reform by Huiming Zhang Pdf

In revisiting the forty year history of reforms to China’s state-owned enterprises (SOE), the book assesses the experiences of this process of reform and scrutinizes how this has helped advance the country’s economy overall. The author finds that China’s SOE reform not only commits to institutional innovation within the corporation in terms of operating mechanisms, management structure, legal organization and the economic system of the enterprise; but that it is also underpinned by a series of policies that highlight an increasing market orientation. The measures have given rise to a benign interaction between enterprise reform and market development, while switching the SOE’s role from appendages of government organs under a planned economic system to more autonomous entities that integrate public ownership and the market economy. In this regard, SOE reform’s success in constructing a modern enterprise system serves as the micro-foundation and core of an improved socialist market economic system. The book will appeal to academics and students interested in political economy and the Chinese economy, with particular reference to SOE reform and the recent economic transition in China.

Author : Russell Smyth,On Kit Tam,Malcolm Warner,Cherrie Jiuhua Zhu
Publisher : Routledge
Page : 240 pages
File Size : 55,5 Mb
Release : 2004-11-10
Category : Business & Economics
ISBN : 9781134283255

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China's Business Reforms by Russell Smyth,On Kit Tam,Malcolm Warner,Cherrie Jiuhua Zhu Pdf

China's recent economic reforms have led to impressive growth, and an unprecedented enthusiasm for establishing foreign enterprises in China. Since 1993, China has been the second largest recipient of foreign direct investment in the world and is now considered to be the world's third biggest economy. Its greater economic integration with the rest of the world, especially since its accession to the World Trade Organisation (WTO), has further accelerated its market-oriented economic reforms. China is now opening its protected markets and beginning to submit to the rule of international law. This ongoing transition and increasing participation in the world economy has resulted in significant changes in human resource management and social welfare practices in China's enterprises. The book examines the key areas, all of which are linked, where China is grappling with institutional reforms as it opens up to the outside world: state-owned enterprise reform, capital markets and financial reform, human resources and labour market reform, social welfare reform, and China's accession to the WTO and the growth of the private sector.

Author : OECD
Publisher : OECD Publishing
Page : 129 pages
File Size : 40,5 Mb
Release : 2000-09-05
Category : Electronic
ISBN : 9789264187719

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China in the Global Economy Reforming China's Enterprises by OECD Pdf

This volume describes the main reforms that are being undertaken in China's enterprises, the progress that is being made, the problems that are being encountered, and the challenges that remain to be overcome.

Author : Edimon Ginting,Kaukab Naqvi
Publisher : Unknown
Page : 368 pages
File Size : 40,6 Mb
Release : 2020-07-29
Category : Business & Economics
ISBN : 929262282X

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Reforms, Opportunities, and Challenges for State-Owned Enterprises by Edimon Ginting,Kaukab Naqvi Pdf

Author : Zhong Xu
Publisher : Springer Nature
Page : 272 pages
File Size : 48,5 Mb
Release : 2020-10-21
Category : Business & Economics
ISBN : 9789811580062

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Keep Reforming: China’s Strategic Economic Transformation by Zhong Xu Pdf

This book is about China’s economy transformation. Currently, China’s macro-leverage ratio has been effectively controlled, the central market interest rate (one year fixed interest rate) has gone down, and liquidity is now relatively abundant. However, financial institutions are generally reluctant to lend, the local governments are unwilling to act, and the fact that liquidity released by the central bank cannot be effectively transmitted to the real economy is leading to a contraction of credit and higher financing costs for private enterprises. Meanwhile, the downturn in the internal economic cycle has been exacerbated by the external shocks caused by frictions in Sino-US trade, and this set of circumstances has contributed to the polarization of expectations regarding China's real economic prospects and policy trends, as seen, for example, in the questions and discussions about policy trends relevant to the private economy. Indeed, one might claim that the current confusion of expectations even exceeds that of 2008, when the international financial crisis breaks out. From a dialectical perspective, the more pessimistic expectation of economic trend, the easier it is to build consensus on reform, and the more remarkable actual effects of reform, which must be based on a comprehensive understanding of the phased characteristics of China’s economic development. In this book, based on the experience working in central bank of China, the author argues that China’s policy should focus on internal demand. In the coming period, China needs to persevere in the market orientation, step up reform and opening up, and create a favorable business environment. This book represents the following opinions: First, to reach a common understanding of the medium and high economic growth, and avoid the dream of high growth. Second, to stick to supply-side structural reform, accelerate economic transformation and structural adjustment, and further unleash the reform dividends and growth potential. The long-term and structural problems cannot be attributed to short-term and cyclical problems. Third, the challenges of external shocks could be also regarded as opportunities, which include but not limited to accelerate reform to improve property rights protection, state-owned capital management, corporate governance, income distribution, and social security. Fourth, whenever the trade friction happens, a multilateral framework is always helpful.