The Revival of Private Enterprise in China

1st Edition

Shunfeng Song, Shuanglin Lin

Routledge
Published March 28, 2007
Reference - 306 Pages
ISBN 9780754648925 - CAT# Y235792
Series: The Chinese Trade and Industry Series

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Summary

The re-emergence of private enterprises is one of the most important factors in China's recent economic development. They will play a key role in maintaining China's high growth rate and honouring its commitments to the WTO. Despite this they face obstacles to growth, including borrowing restrictions, high taxes, ineffective legal protection and lack of technical and information support. The authors in this book discuss these obstacles and propose measures for improving private enterprise development. They consider how private enterprises can help China mitigate its macroeconomic problems, such as unemployment, income inequality, financial disintermediation and cyclical boom and bust. Finally they examine the lessons to be learnt from other countries in promoting privatization.

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