Wow! eBook
Shareholding System Reform in China: Privatizing by Groping for Stones
Author(s): Shu-Yun Ma (Author)
- Publisher: Edward Elgar Publishing
- Publication Date: May 31, 2010
- Language: English
- Print length: 176 pages
- ISBN-10: 1848440510
- ISBN-13: 9781848440517
Book Description
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 in 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.With original case studies, including one on China’s first industrial shareholding enterprise, this informative book, will be of great interest to the academic community, China observers and policymakers, as well as financial analysts.
Editorial Reviews
About the Author
Shu-Yun Ma, Professor, The Chinese University of Hong Kong
