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Full Description
China has undergone a remarkable transition over the past thirty years from a centrally-planned economy to a more market oriented one. The transformation of business in China has been correspondingly evident. This book gives an interdisciplinary analysis of the evolution of business development in China and the 'marketization' of industry during this period within a complex framework of legal, political, and economic reform aims.
The book includes twelve original business case studies to provide industry-specific analysis of the overarching macroeconomic and legal developments. It examines both domestic enterprise reform in China and the evolving treatment of foreign firms in the context of both corporate laws and economic policies, and how business is likely to evolve as economic and legal reforms rapidly increase during the twenty-first century, notably with regard to China's increasing global integration.
Contents
1. Introduction ; 2. Legal and Economic Reforms and the Development of a Corporate Sector ; 3. Law and Markets ; 4. State-Owned Enterprises: Law as Instrument of Economic Policy ; 5. Collectively-Owned Enterprises: Hybrid Ownership Form and the Partial Reform Strategy ; 6. Private Firms: Law Ex Post and as Obstacle ; 7. Foreign Firms: Law Leading the Market ; 8. Conclusions: Business in China - the Evolution of Laws and the Market