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The world economy is facing unprecedented challenges brought by the still unfolding global financial crisis. At this critical juncture in history, China's economic performance and financial stability are closely watched across the world.
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This book examines corporate governance reforms in China as an economy in transition—from a planned economy to a market economy—in the context of globalization and the country's accession to the WTO. The book interprets China's experience as a gradualist transition strategy, which is appropriate given the existing constraints imposed by China's limited politic The book interprets China's experience as a gradualist transition strategy, which is appropriate given the existing constraints imposed by China's limited political, legal, and regulatory framework.
This approach also compares favorably with the radical privatization program shock therapy in Russia. In China, institutional innovations play a key role in discovering a better way to the market, even though such transitional institutions may not fully comply with a full market economy.
China’s New Financial Sector Reforms: Will They Go Far Enough?
Meanwhile, mutually supporting and complimentary structural reforms of China's enterprises, banks, and stock market should proceed hand in hand in order to achieve effective and sustained results during the transition period. Keywords: world economy , global financial crisis , corporate governance reforms , China , economy , transition , WTO. Forgot password? Don't have an account? All Rights Reserved. Under the terms of the licence agreement, an individual user may print out a PDF of a single chapter of a monograph in HKSO for personal use for details see www.
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Corporate Governance and Financial Reform in China's Transition Economy
Sign in. She was educated in mainland China, Japan, and Canada. Her specialty is comparative corporate governance and financial regulation, with a focus on PRC corporate and financial law. Jing Leng.
- Chinese economic reform.
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The world economy is facing unprecedented challenges brought by the still unfolding global financial crisis. At this critical juncture in history, China's economic performance and financial stability are closely watched across the world.
The current global economic downturn and the rigidities it poses on the growth prospects of any individual economy are a testing ground for the effects of China's corporate governance reform and financial reform that have been taking place in recent years. It is now a proper time to assess whether these reforms have yielded meaningful results which can help China withstand and navigate through the most severe economic difficulties of our times.