Restructuring Chinese Enterprises: Effects of Federalism and Privatization Initiatives on Business
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Authors:
Robert H. McGuckin, III
Sean Dougherty -
Publication Date:
January 2002 -
Report Number:
R-1311-02-RR
This report examines the progress of China’s transition to a market economy by assessing how its program of increased federalism and more private ownership has affected business productivity, using a comprehensive data set of almost 23,000 enterprises operating in China in 1995.
Major findings:
- State-Owned Enterprises Are Not All Alike
- Locally Administered Firms of All Ownership Structures Perform Better
- Ownership Structure Matters for Federally Administered Enterprises
- Mixed Private and Public Enterprises are More Efficient Than State-Owned Enterprises in Both Federal and Local Jurisdictions
- Structural Reforms Likely to Continue
Special features:
- Executive summary and description of study design
- Firm characteristics by ownership type and jurisdiction