The Revival of Private Enterprise in China

Business & Finance, Economics, International Economics
Cover of the book The Revival of Private Enterprise in China by Shunfeng Song, Taylor and Francis
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Author: Shunfeng Song ISBN: 9781317017851
Publisher: Taylor and Francis Publication: February 24, 2016
Imprint: Routledge Language: English
Author: Shunfeng Song
ISBN: 9781317017851
Publisher: Taylor and Francis
Publication: February 24, 2016
Imprint: Routledge
Language: English

The re-emergence of private enterprises is one of the most important factors in China's recent economic development. They will play a key role in maintaining China's high growth rate and honouring its commitments to the WTO. Despite this they face obstacles to growth, including borrowing restrictions, high taxes, ineffective legal protection and lack of technical and information support. The authors in this book discuss these obstacles and propose measures for improving private enterprise development. They consider how private enterprises can help China mitigate its macroeconomic problems, such as unemployment, income inequality, financial disintermediation and cyclical boom and bust. Finally they examine the lessons to be learnt from other countries in promoting privatization.

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The re-emergence of private enterprises is one of the most important factors in China's recent economic development. They will play a key role in maintaining China's high growth rate and honouring its commitments to the WTO. Despite this they face obstacles to growth, including borrowing restrictions, high taxes, ineffective legal protection and lack of technical and information support. The authors in this book discuss these obstacles and propose measures for improving private enterprise development. They consider how private enterprises can help China mitigate its macroeconomic problems, such as unemployment, income inequality, financial disintermediation and cyclical boom and bust. Finally they examine the lessons to be learnt from other countries in promoting privatization.

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