Forging Reform in China: The Fate of State-Owned Industry (Cambridge Modern China Series)

Cambridge Modern China

by Edward S. Steinfeld

The greatest economic challenge facing China in the post-Deng era is the reform of unprofitable, state-owned enterprises that have never truly been forced to face the pressure of a bottom line or the threat of bankruptcy. Forging Reform in China explains how and why well-intentioned, market-oriented reform measures have not been sweepingly successful to date, and what it would take to achieve meaningful reform. This book makes a compelling argument that private ownership cannot work in China's current system until governance over complex economic factors has been established, that is, until credit is tightened and market selection processes made to work.

320 pages, Paperback

First published July 28, 1998

Reviews

[Monkey D Dragon · Rating 5 out of 5]

This book really took a long time to read for me. Because of the complexity of the problem in this book and the real-life case, this book needs more focus to understand. talk about one of the complex problems in the economic world, which is SOE (state-owned industry). This book tells us about how SOE works in China and what's the problem with SOE in China. I think this book is very recommended to us in Indonesia because, just like in China, we have SOE here too, so I think we can learn something from this book.