Globalisation, Transition and Development in China: The Case of the Coal Industry (Routledgecurzon Studies on the Chinese Economy)

Based on extensive original research, Globalisation, Transition and Development in China explains China's development strategy and its underlying forces, and the success of this strategy. It examines China's gradualist approach which emphasizes development first and regards transition and globalization as secondary, enacting liberalization of domestic markets and integration into the world economy in a paced way, avoiding dramatic changes which might impede or even reverse development, and argues that this approach is broadly correct. It considers China's failures, including the failure to build large globally competitive corporations despite the intention to do this, and shows how China's economic strategy has been implemented in detail with a case study of the large and important coal industry. Overview: the rise and fall of TVE coalmines in China The major forces for the development of TVE coalmines Great contributions of TVE coalmines Significant problems of TVE coalmines The difficulties of closing TVE coalmines and the underlying causes Conclusion Transition: Transforming traditional SOE coalmines Introduction Gradualist reforms implemented in the coal industry The difficult situation of SOE coalmines Categories of the causes of Jixi's difficulties The success of gradualism versus SOE's difficulties Conclusions Globalization: building competitive coal corporations Introduction The big business revolution and consolidation in the coal industry Strengthening China's industrial policy to meet the challenge The Shenhua group: can China build competitive indigenous big business? Conclusion: Interrelationship of the three challenges and the role of state Introduction The interrelationship between the three challenges Government deals with three challenge: achievements and failures Government deals with the three challenges in the future Conclusion: Understanding China's development strategy.

China's coal industry is the largest in world in terms of both production and consumption, provides about 70% of the country's primary energy sources, and supports the world's largest steel industry. On the other hand, it faces a market surplus in coal, was the leading loss-maker of all industries in China, has had over three million redundancies, is plagued by huge financial difficulties and high accident rates, has suffered frequent demonstrations by coal workers, and is regulated by many unreasonable government policies. In short, says Rui (management, U. of Cambridge), it is a very good case study by which to investigate China's development policy. She considers state-owned and township-and-village-owned enterprises. Distributed in the US by Taylor and Francis. Annotation ©2004 Book News, Inc., Portland, OR

"This book aims to explain China's development strategy and its underlying forces, and the success of this strategy. It examines China's gradualist approach, which emphasizes development first, and regards transition and globalization as secondary, enacting liberalization of domestic markets, and integration into the world economy in a paced way, avoiding dramatic changes which might impede or even reverse development, and argues that this approach is broadly correct. It considers China's failures, including the failure to build large globally competitive corporations despite the intention to do this, and shows how China's economic strategy has been implemented in detail with a case study of the large and important coal industry."--BOOK JACKET Book Cover......Page 1 Title......Page 4 Contents......Page 5 List of figures......Page 11 List of tables......Page 12 Foreword......Page 13 Acknowledgements......Page 16 List of abbreviations......Page 18 Introduction......Page 20 The challenges facing China......Page 29 The challenges facing China's coal industry......Page 45 Development: the rise and fall of TVE coalmines......Page 71 Transition: transforming traditional SOE coalmines......Page 95 Globalization: building competitive coal corporations......Page 121 Conclusion: inter-relationship of the three challenges and the role of the state......Page 143 Notes......Page 170 References......Page 179 Index......Page 190 1. The challenges facing China 2. The challenges facing China's coal industry 3. Development : the rise and fall of TVE coalmines 4. Transition : transforming traditional SOE coalmines 5. Globalization : building competitive coal corporations 6. Conclusion : inter-relationship of the three challenges and the role of the state.