Put onus on managers in China

Article Abstract:

China is adopting a restructuring scheme to ensure a comprehensive separation of control between government and state enterprises. This separation of ownership must dictate sound accountability in terms of spending and debt-paying by managers over financial resources. China may provide performance-based incentives for managers, create private financial intermediaries and apply the bankruptcy law for poor performances to ensure an effective corporate governance.

Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors, Business Aid & Regulation NEC, Management, Corporate governance, Business assistance, State finance

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Gravy train puts China firms on wrong track

Article Abstract:

China's booming economy is being threatened by the debt crisis facing the country's state-owned enterprises. In 1995, the average debt-to-assets ratio of these enterprises reached 80%. All parties at risk from a default should look for solutions to the problem to avoid possible runaway inflation that threatens the future of banking and enterprise reforms.

Finance, Government business enterprises, Public enterprises

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To stay on the reform course, China needs to change

Article Abstract:

Chinese leaders have to reform policies introduced by the late Deng Xiaoping to continue China's successful shift to an open economy. Incentives given to bureaucrats must cease in order to stop corruption, even if this leads to a narrower scope of government and bureaucratic involvement in business.

Economic Programs, Administration of Economic Programs, Evaluation, Column, Economic policy

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