Reforming China’s State-owned Enterprises And Banks (new Horizons In Money And Finance)
This book’s starting point is that after two decades of experiments, during which other transition economies have effectively privatised all of their former state enterprises, China is still endeavouring to find a way to reinvent and re-engineer its own state-owned economic establishments. The authors explore these reforms along with the problems of China’s state-owned banks, which have long been troubled by the adverse loans of Chinese enterprises and face foreign competition in 2007 under China’s WTO commitments. Drawing on wide-ranging case studies of enterprise reform, Becky Chiu and Mervyn Lewis combine their extensive experience to give an authoritative account of China’s enterprise and bank reform agenda, involving property rights, improved corporate governance and stimulating enterprise. This book will be of great interest to business economists, academic economists and those following the development of the Chinese economyChina is still trying to find a way to reinvent and re-engineer its own state-owned economic establishments. This text explores these issues and parallel reforms to China’s state-owned banks, which have been affected by the adverse loans of Chinese enterprises and will face foreign competition in 2007.