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China's Ownership Transformation: Process, Outcomes, Prospects
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China's emergence as a global economic player has been accompanied by a major internal transformation. Over the past decade, the economy has made the transition from complete reliance on state-owned and collective enterprise to a mixed economy where private enterprise also plays a strong role. Gaizhi, a Chinese term meaning transforming the system," has become a major phenomenon in most parts of the country; in many cases it has involved full privatization. This study applies descriptive and econometric analysis to survey, and official statistical data to examine, the progress of gaizhi over t...
China's emergence as a global economic player has been accompanied by a major internal transformation. Over the past decade, the economy has made the transition from complete reliance on state-owned and collective enterprise to a mixed economy where private enterprise also plays a strong role. Gaizhi, a Chinese term meaning transforming the system," has become a major phenomenon in most parts of the country; in many cases it has involved full privatization. This study applies descriptive and econometric analysis to survey, and official statistical data to examine, the progress of gaizhi over the years and across regions.