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Exit the Dragon?

Privatization and State Control in China

Stephen Green editor Guy S Liu editor

Format:Paperback

Publisher:John Wiley and Sons Ltd

Published:15th Feb '05

Currently unavailable, and unfortunately no date known when it will be back

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Exit the Dragon? cover

Nominated for the 2006 IPEG Book Prize

Drawing on the research of ten scholars from around the world, this volume evaluates China’s privatization experience by investigating the efficiency and fairness of the sale process and the credibility of the government’s ambition to create world-class state-owned conglomerates.

  • One of the first book-length works to evaluate China’s privatization experience.
  • Draws on the research of ten scholars from around the world including Liu Xiaoxuan (Chinese Academy of Social Sciences), Sun Laixiang (SOAS, London University) and Chih-jou Jay Chen (Academic Sinica).
  • Investigates the factors determining the decision by government officials to sell or retain their firms.
  • Evaluates how credible the government’s ambition is to create world-class state-owned conglomerates.
  • Compares the efficiency and fairness of the sales against the lessons learned from the former Soviet bloc.
  • Explains how the state is withdrawing from key sectors such as automobiles, energy and telecoms.

'A lucid and comprehensive guide to China's privatisation puzzle. This book is a must-read for anyone trying to understand the big patterns or the devilish details of state-owned enterprise reform in China.' Arthur Kroeber, Managing Editor, China Economic Quarterly

'Like Dr. Doolittle’s Push-me Pull-you, China’s approach to state enterprise privatization is straining in opposite directions, and different analysts watch different ends and reach different conclusions about where it is going. Stephen Green and Guy Liu herd these experts into a valuable single volume on Beijing’s schizophrenic effort to sell off enterprises and retain enterprises simultaneously. Readers will end up no less sceptical that China’s approach will lead to efficient state divestiture with a modicum of fairness, but far more insightful and informed about the process and motivations.'Daniel Rosen, Institute for International Economics

ISBN: 9781405126434

Dimensions: 226mm x 152mm x 15mm

Weight: 363g

256 pages