Relaxing the constraints from above

Politics of privatising public enterprises in China

Datos Bibliográficos

ID6233699
AutoresYongshun Cai (0000-0003-2469-5743, National University of Singapore, autor de correspondencia), Cai Yongshun
Año2002
Volumen10
Número2
Páginas94-121
Fecha de publicación2002-12-01
Peer ReviewedSí
Open AccessNo
TipoARTICLE
RevistaAsian Journal of Political Science (JOURNAL)
Identificadores de la revistaISSN: 0218-5377 • E-ISSN: 1750-7812
EditorialInforma UK Limited (PUBLISHER • GB)
DOI10.1080/02185370208434212
OpenAlexW1972731109
IdiomaEN
Citas recibidas1
Referencias citadas13

This paper addresses the factors that caused widespread privatisation in China in the late 1990s. It argues that the relaxation of constraints by the central government made local governments less worried about the political risks of privatisation such as resistance from workers and the banks. This relaxation based on the policies of the 15th Party Congress, together with the economic rationale of reforming inefficient public enterprises, became a strong incentive for local governments to carry out this reform. As local governments regarded such reform as an opportunity to show their loyalty to the central government and to evade debts, a number of problems emerged in the reform process that affected the interests of both the central government and the workers. © 2002, Taylor & Francis Group, LLC

Business · Carry (investment · Central government · China · Debt · Economic policy · Economic reform · Economic system · Economics · Government (linguistics · Incentive · Local government · Loyalty · Market economy · Political science · Politics · China's Socioeconomic Reforms and Governance · Law · Public Administration · Finance