Shareholding system reform in China: privatizing by groping for 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 bas...

Ausführliche Beschreibung

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Bibliographische Detailangaben
1. Verfasser: Ma, Shuyun (VerfasserIn)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: Cheltenham, U.K Edward Elgar 2010
Schlagworte:
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Zusammenfassung: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
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
Beschreibung:Includes bibliographical references (p. 140-159) and index
Beschreibung:1 Online-Ressource (vi, 166 Seiten) Illustrationen
ISBN:9781849805360