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China's entry to the WTO: strategic issues and quantitative assessments
In: Routledge studies in the growth economies of Asia 30
World Affairs Online
Articles - Regional Cooperation and the Environment: Do "Dirty" Industries Migrate?
In: Journal of institutional and theoretical economics: JITE, Band 136, Heft 1, S. 137-157
ISSN: 0932-4569
Changing global comparative advantage: evidence from Asia and the Pacific
In: Asia Pacific economics and politics series
Impact and significance of state-owned enterprise restructuring in China
In: The China journal: Zhongguo yan jiu, Heft 55, S. 35-63
ISSN: 1324-9347
Based on an enterprise survey conducted in 11 cities in 2002, this paper reviews the trends of privatization in China, discusses the forms of gaizhi (restructuring), analyzes the issues emerging in the process of gaizhi, especially the handling of state assets and land-use rights and re-employment, and compares the performance of firms before and after gaizhi. The study found that restructuring has become more oriented towards privatization over recent years. The so-called "loss of state assets" has occurred mainly in the form of price discounts when selling state assets. Restructured or gaizhi firms did sack more workers in the year the gaizhi took place, but subsequently they maintained a slower rate of employment reduction than pure SOEs. Gaizhi, especially restructuring with privatization, has hardened firms' budget constraint with banks, but has not been effective in hardening firms' budget constraint with the government. Gaizhi and privatization have significantly improved firms' profitability, but have not raised investment rates or labor productivity. (China J/DÜI)
World Affairs Online
Book Reviews - China: Is Rapid Growth Sustainable?
In: Contemporary Southeast Asia, Band 27, Heft 1, S. 154-156
ISSN: 0129-797X
China's new place in a world in crisis: economic geopolitical and environmental dimensions
In: China update book series
China: ein neues Modell für Wachstum und Entwicklung
In: Chinesische Perspektiven. Ökonomie Band 4
China's new sources of economic growth, vol. 2, Human capital, innovation and technological change
In: China update series 2017
China's domestic transformation in a global context
In: China update book series 2015
The China Quarterly, 199, September 2009, pp. 796–824
In: The China quarterly: an international journal for the study of China, Band 199, S. 804
ISSN: 0305-7410, 0009-4439