Jump to ContentJump to Main Navigation
Whither China?Restarting the Reform Agenda$
Users without a subscription are not able to see the full content.

Wu Jinglian and Ma Guochuan

Print publication date: 2016

Print ISBN-13: 9780190223151

Published to Oxford Scholarship Online: May 2016

DOI: 10.1093/acprof:oso/9780190223151.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (www.oxfordscholarship.com). (c) Copyright Oxford University Press, 2019. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 07 December 2019

The Failure of State-Owned Enterprise Reforms Under Market Socialism

The Failure of State-Owned Enterprise Reforms Under Market Socialism

Chapter:
(p.59) Dialogue 5 The Failure of State-Owned Enterprise Reforms Under Market Socialism
Source:
Whither China?
Author(s):

Wu Jinglian

Ma Guochuan

Xiaofeng Hua

Nancy Hearst

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780190223151.003.0005

The reforms that took place in China in the late 1990s were influenced by the market socialism that originated in Eastern Europe. They were characterized by the maintenance of the dominant role of the state-owned economy and the framework of the planned economy, but at the same time they gave enterprises increased autonomy and allowed more market influences. In the late 1970s, China “increased enterprise autonomy” in most of its state-owned enterprises. Unfortunately, as had occurred in the Soviet Union, these reforms failed to revitalize China’s economy. They resulted in increased debt and growing inflation. Therefore, by 1980, China was forced to end this experiment.

Keywords:   Chapter market socialism, USSR reforms in 1965, state-owned enterprise reform, corporate governance, enterprise autonomy

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .