Shareholding System Reform in China

by Ma, Shu-yun

• ISBN13: 9781848440517
• ISBN10: 1848440510
• Format: Hardcover
• Copyright: 2010-05-01
• Publisher: Edward Elgar Pub

Summary

This insightful book demonstrates how China has emerged as one of the world's largest privatizing countries within a decade. Since the 1980s, there has been a global wave of transfer of state assets to private hands. China is a relatively late participant of this worldwide trend, yet, in the last decade it has emerged as one of the largest privatizing countries. Shu-Yun Ma argues that China's privatization is not based on any grand blueprint; rather, it is privatization by ?groping for stones to cross the river', a well-known metaphor often attributed to Deng Xiaoping, meaning that the reform simply proceeds on a trial-and-error basis without being guided by any theory.

Author Biography

Shu-Yun Ma is a Professor at The Chinese University of Hong Kong.