China ’ s ownership transformation : Progress and prospects
نویسنده
چکیده
China’s emergence as a global economic player has been accompanied by a major internal transformation described in a new World Bank/IFC publication.** Over the past decade, the economy has made the transition from complete reliance on state-owned and collective enterprise to a mixed economy where private enterprise plays a leading role. This is an ongoing process, during which the economy will remain structurally a very diverse one. While some Chinese companies are in the vanguard of globalisation, many are struggling with old legacies of planning. Thus, in these times of optimism and dynamism, increased attention must be given to solving the problems of the state-owned sector.
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