The Chinese Economy under Transition [Hardcover]

This wide-ranging collection addresses many important issues in China's economy under transition, from grain production to trade, to the development of township enterprises, the restructuring of state-owned enterprises, the emergence of big business, money demand and consumption behaviour. Together, the studies provide insightful analysis and discussion of economic policies, illuminating the institutional context within which reform strategies are negotiated and implemented in different economic sectors.Notes on the Contributors Introduction PART I: INDUSTRIAL RESTRUCTURING AND ENTERPRISE REFORM Reorganising Amidst Turbulence: China's Large-scale Industry in the Changing International Distribution of Power and Globalization of Capitalist Big Business; P.Nolan & W.Xiaoqiang Capital Firms, Public Enterprises: Ownership Reform and Privatization of Chinese State Owned Enterprises; M.Liu Financial Discipline in the Enterprise Sector in Transition Countries: How Does China Compare?; S.Gao & M.E.Schaffer Impact of Reforms on Wages and Employment Determination in Chinese State Owned Enterprises, 1986-91; A.Hussain & J.Zhuang Reform of China's Energy Sector: Slow Progress to an Uncertain Goal; P.Andrews-Speed PART II: THE RURAL SECTOR - AGRICULTURE AND INDUSTRY Agriculture's Role in Economic Development: The Case of China; S.Yao Property Rights and New Commercial Organisations: A Comparison of Agricultural Reform in China and Russia; Q.Zhou Employment, Enterprise and Inequality in Rural China; S.Cook China's Grain Economy and Trade Policy; F.Lu The Economic Behaviour of China's Grain Producers in Transition; J.Davis & L.Wang Labour Productivity in Rural Industry Exports: A Cross Sectional Analysis; F.Carmichael, H.Tan & M.Fu PART III: MODELLING TRANSITION AND STRUCTURAL CHANGE On Macro Modelling of Transitional Economies with Special Reference to the Case of China; D.Qin Structural Changes in Employment and Investment in China: 1985-94; A.Liu Economic Reflól