Relaxing the constraints from above

Politics of privatising public enterprises in China

Bibliographic Data

ID6233699
AuthorsYongshun Cai (0000-0003-2469-5743, National University of Singapore, corresponding author), Cai Yongshun
Year2002
Volume10
Issue2
Pages94-121
Publication date2002-12-01
Peer ReviewedYes
Open AccessNo
TypeARTICLE
VenueAsian Journal of Political Science (JOURNAL)
Journal identifiersISSN: 0218-5377 • E-ISSN: 1750-7812
PublisherInforma UK Limited (PUBLISHER • GB)
DOI10.1080/02185370208434212
OpenAlexW1972731109
LanguageEN
Citations received1
References cited13

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