The Chinese route to privatization

Article Abstract:

The conversion of state-owned enterprises (SOE) into shareholding enterprises (SHE) in China failed to fulfill the expectations of economic theorists. According to statistics, 650 SHEs reported losses in 1994, followed by decline in efficiency and gross industrial output in 1995. This was attributed to steep state taxes, the indulgent intervention of government officials who remained the largest shareholders in SHEs and the failure in containing the power of the board and general managers.

Economic aspects, Political aspects, Privatization, Privatization (Business), Government business enterprises, Public enterprises

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The Hong Kong economy through the 1997 barrier

Article Abstract:

The relationship between China and Hong Kong as two separate economies was initiatedwhen the former opened up to the world in 1979. In the return of the colony to Chinese rule, their economic ties shall be the same as stipulated in the Basic Law of Hong Kong Special Administrative Region. Economic integration will come in as Hong Kong serves to facilitate the internationalization of China since Hong Kong is a viable entrepot of trade and foreign investments to the mainland.

Hong Kong, International economic integration, Economic integration

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