From Collectives to Local Corporates

Gordon Redding and Michael A. Witt

in The Future of Chinese Capitalism: Choices and Chances

Published in print January 2010 | ISBN: 9780199575879
Published online October 2011 | e-ISBN: 9780191702204 | DOI:
From Collectives to Local Corporates

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The changes have gone further in some parts of China than others, so that the sector's significance varies geographically, it being especially important in the industrial coastlands. Thus, this chapter reports the story of this transition, and treats this complex segment of the economy as a discrete business system undergoing radical change. In addition, the history of the collective sector, the local corporate sector as a business system in transition, historical influences and the role of the state are described. The societal institutions surrounding the business system of the local corporate sector is tackled and it begins with those concerned with the sourcing and allocation of capital, followed by human capital, social capital, ownership and networks, and management.

Keywords: China; local corporate sector; economy; business system; transition; human capital; social capital; ownership; networks; management

Chapter.  7626 words.  Illustrated.

Subjects: International Business

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