This title was first published in 2001. Using the city of Guangzhou as a case study, this text looks at how China has adopted a market economy, whilst still maintaining state-owned enterprises and an all-embracing social security system which protects the majority of Chinese workers. This volume examines three questions: can socialist social welfare co-exist with the market economy?; can state-owned enterprises survive in a market economy?; and has China succeeded in creating a market economy without sacrificing its socialist ideals? The study demonstrates that compromises have been necessary...