The transformation of China's economy has involved major changes in the financial sector. This book offers a detailed and authoritative guide to financial reform in China since 1979. Bank loans replaced budgetary grants as the most important source of funds for investment. A two-tier financial structure, consisting of a central bank and a newly created specialised commercial bank, developed. Nonbank financial institutions also mushroomed. The book outlines the process of change, compares these changes to the earlier mono-banking system, and shows the problems which remained - including the...

The 19 speechs in this volume explain many aspects of China's market-based rural economic reforms. They were delivered primarily to groups of government or Party officials by Du Runsheng, director of the Rural Development Research Center (RDRC) of China's State Council for much of the 1980s. The book includes an introductory chapter describing the history of rural economic policy in the People's Republic of China, notes by Du Runsheng and a glossary of important Marxist and Chinese economic terms.

How and why did the rural enterprise sector get so big in China? This book has the answers. That sector is owned and operated by rural communities. The book explains why these enterprises have been growing so fast, and it explores the implications of their growth.

This book explains how policy changes affect farmers' production incentives and efficiency of resource allocation within and outside agriculture in modern China, paying particular attention to the effects of technical inputs on yield and efficiency of spatial crop production pattern. Drawing experiences of agricultural development in different periods after independence and employing two different quantitative techniques, it concludes that government's long term tendency to undermine the role of agriculture, lack of state investment and the inconsistency of market reforms are three major...

Based on the experiences of Chinese reforms, the book criticises the transition theories of the 'big-bang' and privatisation represented by Sachs and Kornai. Along with the adjustment of the industrial structure, the Chinese government decontrolled prices gradually. Meanwhile, the state-owned enterprise reform in China is leading to enhance managerial autonomy rather than privatisation. China has combined the 'gradual approach' of transition with the gradual process of economic development. The combination of transition and development gave China a chance to try something new.

Seeks to analyze China's industrial reform in the 1980s by examining the Chinese bicycle industry. It sets the changes since 1978 into historical perspective by giving an account of the development of this industry.

This book is a seminal contribution to decision making theory through its study of management decision making in six Beijing state enterprises during the period 1985 to 1989, when the government adopted decentralization as the key to reforming state industries. Through interviews, document surveys and analysis, the author provides a unique insight into not only the changes, but also the complex relations among managers, the Communist Party organization and planning authorities. Readers will gain a richer understanding of Chinese management issues and society.

For the outside world to understand modern Chinese movements is an extremely difficult, if not insurmountable task. This book, for the first time written by true insiders, reflects the approach the Chinese have pursued since the last century and especially why after so many successful or unsuccessful revolutions they finally took up reform as a means to solve their national problem. As senior advisers to the Chinese leaders the authors expose the undercurrents pushing the leaders to the brink of economic reform, and the obvious achievements of the early reform as well as the latent seeds for...

Presents an analysis of the political processes involved in China's wage policy. Akio Takahara illuminates the political conflicts and interests among national policy makers, local authorities, grassroots units and various socio-economic groups, and identifies constraints on wage reform.