China's Privatization Reforms

China's Privatization Reforms

This article discusses the general characteristics and issues of the privatization programs in China, including constitutional changes, privatization with mergers and acquisitions, ownership structure in China, real estate reforms, and finance (stock market and banking). The challenges of these refo...

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Veröffentlicht in:The Chinese economy 2006-03, Vol.39 (2), p.5
Hauptverfasser: Hung-Gay, Fung, Kummer, Donald, Shen, Jinjian
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Sprache:eng
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Banking industry
Economic reform
Privatization
Securities markets
Studies
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Kummer, Donald
Shen, Jinjian
description This article discusses the general characteristics and issues of the privatization programs in China, including constitutional changes, privatization with mergers and acquisitions, ownership structure in China, real estate reforms, and finance (stock market and banking). The challenges of these reforms are analyzed throughout the article. Non-state-owned and foreign-funded enterprises have contributed over 60 percent of industrial production in the Chinese economy, while over 90 percent of Chinese workers are now employed by nonstate enterprises, suggesting that China is indeed a market-oriented economy. Interestingly, we find that non-state-owned enterprises contributed more 70 percent of total taxes to the Chinese government. [PUBLICATION ABSTRACT]
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source PAIS Index; Business Source Complete
subjects Banking industry
Economic reform
Privatization
Securities markets
Studies
title China's Privatization Reforms
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