What kind of privatization?

Tian, Guoqiang and Liang, Hong (1999): What kind of privatization? Published in: Dilemmas of Reform in Jiang Zemin's China (1999): pp. 77-90.

Abstract

The Fifteenth Party Congress of the Chinese Communist Party (CCP) attracted worldwide attention by announcing its adoption of "controlling big while releasing the small strategy in reforming its 354,000 state-owned enterprises (SOEs), 240,000 of which are small-sized SOEs. A shareholding system (gufen zhi) will be a major instrument for SOE reform. This paper first discusses the necessity and urgency of SOE reform, and then focuses on the forms of shareholding systems. Finally, it discusses the problems posed by the expansion of government organs and agencies in recent years and the challenges in presents to China's transition.

• Item Type: MPRA Paper
• Language: English
• Keywords: China, Privation
• Subjects: L - Industrial Organization > L3 - Nonprofit Organizations and Public Enterprise > L33 - Comparison of Public and Private Enterprises and Nonprofit Institutions ; Privatization ; Contracting Out

References

1 Jiang Zemin, "Hold High the Great Banner of Deng Xiaoping Theory for All-round Advancement of the cause of Building Socialism with Chinese Characteristics into the 21st Century". Beijing: Renmin chiubanshe, Oct. 1997, p. 20.

2 Tian Guoqiang, "The State-owned Enterprise Reform of China and the Mode- Steps for Transforming Economic System Smoothly", Economic Research Journal, 319, 1994: 3-9.

3 Jiang's report, p.1

4 Ibid., p.20.

5 Tian Guoqiang, "Property Rights Structure and Reform on China's Rural and Township Enterprises", Economic Research Journal, 323, 1995:35-39

6 Tian Guoqiang, "Breaking up is Hard to Do: The theory of Property Rights in Transitional Economies", Department of Economics, working paper, Texas A&M University, 1995.

7. See "Papid Expansion in the Government Organs and Agencies", Guangzhou Daily, October 19, 1997.