From the Government to Enterprises: A Summarization of the Documents on the Studies of Chinese Private Enterprises

Sun Zao and Lu Zhengwei

Chinese Economy, 2004, vol. 37, issue 6, 53-67

Abstract: Private enterprises are the most remarkable subjects in the theoretical studies of China's economic transition. This article tries to describe the rough track of the process of China's reform, analyzing it from a new perspective based on the main studies in the field. The article concludes that the internal aspects of China's private enterprises have been significantly changed. As private enterprises have gradually become enterprises in the sense of mainstream economics, mainstream economic studies have begun to switch their focus from "explanations of the issues" to "solutions." An interesting question is, What will future developments be, when, under the current conditions, the basic property rights of private enterprises have not yet been clarified? Current experience and studies on this issue have not provided us a clear answer.

Date: 2004
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