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The Oxford Companion to the Economics of China$
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Shenggen Fan, Ravi Kanbur, Shang-Jin Wei, and Xiaobo Zhang

Print publication date: 2014

Print ISBN-13: 9780199678204

Published to Oxford Scholarship Online: December 2014

DOI: 10.1093/acprof:oso/9780199678204.001.0001

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Political economy of privatization in China

Political economy of privatization in China

(p.291) 46 Political economy of privatization in China
The Oxford Companion to the Economics of China

Yasheng Huang

Oxford University Press

Chinese privatization is described as being stealthy in nature and tactical in objective. Stealth as used here means that Chinese privatization has largely been an implicitly permissive policy rather than an explicitly supportive policy. Tactical privatization means that the state never fully embraced privatization as a policy goal in and of itself. Privatization was intended as an instrument in the service of a larger goal. This chapter first discusses stealthy privatization. It then turns to tactical privatization and concludes by drawing some broad implications of this way of viewing Chinese privatization experience.

Keywords:   economic reform, economic policy, privatization, Chinese economy, stealthy privatization, tactical privatization

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