Private Enterprises And China's Economic Development (routledge Studies In The Growth Economies Of Asia) (volume 54)

Private enterprises have contributed significantly to China's recent economic growth and will play a key role in achieving China's goal of building a comprehensively well-society. But how can private enterprises help China mitigate its macroeconomic problems such as unemployment, income inequality, financial disintermediation, and an unhealthy economic cycle? And what are the main obstacles to private enterprise development? Private Enterprises and China’s Economic Development answers these questions by identifying the range of cultural, political and financial challenges confronting China's private enterprises, and assessing their performance and potential. Contributors also analyse the experiences and lessons of other countries, and propose strategies and policies to help China promote private enterprise development. Using the most up to date research on private enterprises, including detailed econometric analysis and national representative data, authors including economists, policy-makers and academics from the USA, China, Singapore and Canada comprehensively address the most important aspects of China’s private enterprise development. As such this book will appeal to students, scholars and policy-makers alike with an interested in the Chinese economy, economic growth, comparative economics and transitional economics. Book Cover......Page 1 Title......Page 10 Copyright......Page 11 Contents......Page 12 Figures......Page 14 Tables......Page 15 Contributors......Page 17 Acknowledgments......Page 19 1 Introduction and overview......Page 20 Part I: Financial reforms and enterprise development......Page 32 2 Some thoughts on financial reform in rural areas......Page 34 3 Is public listing a way out for China’s state-owned enterprises?......Page 46 4 Financing of private enterprises and deepening financial reform......Page 70 5 Commercial bank regulation and supervision: US experiences and implications for China......Page 93 Part II: Private enterprises, efficiency, and economic growth......Page 116 6 Private enterprise development and the profitability of China’s regional state-owned enterprises......Page 118 7 A panel data sensitivity analysis of regional growth in China......Page 145 8 Private, state-owned, and foreign-invested enterprises: An analysis of investment sources on growth in China......Page 161 Part III: Openness, legal protection, and private enterprises......Page 176 9 Trade, foreign direct investment, and productivity of China’s private enterprises......Page 178 10 The demand for and supply of energy in China: Implications for the private sector......Page 192 11 Legal protection of administrative regulations on private enterprises......Page 210 Part IV: Private enterprises, employment, and earnings......Page 226 12 Policy reforms, private enterprise development, and rural household earnings......Page 228 13 Effects of privatization on employment in transitional China......Page 247 14 The effect of education and wage determination in China’s rural industry......Page 254 15 Privatization and rising earnings inequality in China’s rural industries: Evidence from Shandong and Jiangsu......Page 273 Index......Page 287 Using detailed econometric analyses and national representative data, the team of international contributors identify the challenges confronting China's private enterprises and assess their performance and potential.