Concentration and the emergence of corporate groups in Chinese industry

In: China perspectives: Shenzhou-zhanwang, Heft 23, S. 5-17

Abstract

All the economies of the industrialised countries have experienced periods of intense concentration of their industrial plant since the beginning of the century. From this point of view, China is an anomaly. For reasons connected to its economic and political history, Chinese industry has, until very recently, been sheltered from moves towards concentration. The author explores concentration and the emergence of corporate groups in Chinese industry paying attention to the legacy maoist period, the recentralisation of financial circuits, the clarification of property rights, the dangers of concentration directed by bureaucracy among other topics. (DÜI-Sen)