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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
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
China's new place in a world in crisis: economic geopolitical and environmental dimensions
In: China update book series
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
Chinese economy in transition: Papers presented at the 5th Annual Conference of the Chinese Economic Association, University of Adelaide, Adelaide, Australia, 12-13 November 1992. Organised by the Chinese Students' Society for Economic Studies, Australia
The reforming economy. Lim, S.: The potential demise of socialism in China. Economic and political responses. - S. 1-4. Jia Liqun: Empirical analysis and comparison of Chinese intersectoral linkages. - S. 5-19. Zhang Xiaohe: Rural-urban migration restriction, capital mobility and rural industrialisation in China. An analytical framework. - S. 20-26. The agricultural economy. Zhou Zhangyue: Grain producers' responsiveness to economic incentives in China. - S. 27-41. Young, S.: Ownership and obligation in China's rural enterprises. Community interests in a non-laglistic environment. - S. 42-49. Huang Yiping ; Lu Weiguo: China's demand for wool by source of imports. Functional forms and elasticities. - S. 50-61. Yang Hong: An analysis of grain yield changes and provincial disparities in the post-reform period in China. - S. 62-76. Cheng Enjiang ; Malcolm, L. R.: Reform of rural credit co-operatives in China. - S.77-94. Industry reform. Chen Ren: Technical efficiency of large and medium-sized enterprises. Shanghai cotton industry, 1987-1990. - s. 95-106. Wan Guang H.: Technical change in Chinese industry. A new approach. - S. 107-114. Yong Cao: Confusion of taxation and industrial financing in the reforms of China's state-owned enterprises. - S. 115-124. Finance and money supply. Wang Dashu: The Central Bank's operation in China during the transitional period. - S. 125-130. Ma Guonan: Budget deficits and fiscal policy targets in China. - S. 131-148. Thorpe, M. ; Li Guanhong: Inflation and China's reform process. A review. - S. 149-165. China in an international context. Song Ligang: Changing patterns of world trade and development. The experience from the 1960s to the 1980s. - S. 166-197. Ng Siang: Trade and productivity. The case of China. - S. 198-203. Mai Yinhua: The Asian Newly Industrialising Economies comparative advantage in a dynamic context. - S. 204-217. Yang Yongzheng: The impact of the multifibre arrangement on China's clothing and textile exports. - S. 218-227
World Affairs Online