China's State Enterprise Reform - An Overseas Perspective
No 90, William Davidson Institute Working Papers Series from William Davidson Institute at the University of Michigan
After briefly surveying the current circumstances of China' s state-owned industrial enterprises, this paper offers a series of policy recommendations organized around two objectives: raising the returns to capital and promoting the development of market-supporting institutions. The author argues that public ownership is not the central cause of weak performance in state enterprises, and that policy analysis should focus on raising returns to capital and building market-supporting institutions rather than on privatization.
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Journal Article: China's state enterprise reforms--n overseas perspective (1997)
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Persistent link: https://EconPapers.repec.org/RePEc:wdi:papers:1997-90
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