Chapter

The Responsibility System and Enterprise Reform

David Faure

in China and Capitalism

Published by Hong Kong University Press

Published in print January 2006 | ISBN: 9789622097834
Published online September 2011 | e-ISBN: 9789882206694 | DOI: http://dx.doi.org/10.5790/hongkong/9789622097834.003.0005
The Responsibility System and Enterprise Reform

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This chapter discusses economic reforms undertaken in 1979 under the leadership of Deng Xiaoping. It first discusses the responsibility system and its impact in the agrarian sector. It then describes the issue of enterprise autonomy which dominated the state industrial reforms. Finally, it discusses the measures that were introduced by the Chinese government to maintain control while it allowed enterprise managers greater flexibility in making their own decisions. These measures include bankruptcy law, enterprise associations, and the crossholding of shares by state enterprises.

Keywords: economic reforms; Deng Xiaoping; responsibility system; agrarian sector; enterprise autonomy; industrial reforms; bankruptcy law; enterprise associations; state enterprises

Chapter.  10430 words. 

Subjects: Business and Management

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