China’s Transitional Economy

Abstract

China's management reforms have not proceeded via a prior blueprint for privatization that aims to remove government from a direct role in the economy. Instead, a gradual and steady process of increasing competition, incentives and budgetary pressures on firms has occurred over a two-decade period that has seen rapid changes in economic growth and in the ways that enterprises operate. Government has not been stripped of its economic roles; instead regional and local governments have transformed the roles they play in an increasingly competitive economy. This chapter seeks to describe and explain this pattern of institutional change.KeywordsPublic EnterpriseParty SecretaryLocal RevenueRevenue SystemRedistributive SystemThese keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.