Chapter

Government Commitment and the Outcome of Privatization in China

Yang Yao

in Governance, Regulation, and Privatization in the Asia-Pacific Region

Published by University of Chicago Press

Published in print March 2004 | ISBN: 9780226386799
Published online February 2013 | e-ISBN: 9780226386966 | DOI: http://dx.doi.org/10.7208/chicago/9780226386966.003.0011
Government Commitment and the Outcome of Privatization in China

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The performance record of privatization in China varies from city to city. This chapter uses recent survey data to assess the disparities in regional performance, which is attributed to the different degrees of local government commitment to privatization. The chapter is organized as follows. Section 10.1 presents a brief review of the Chinese government's policy toward privatization in the last twenty years. Section 10.2 shows the regional disparity in firm performance by presenting the econometric results on six cities. Section 10.3 constructs a theoretical model to explain the relationship between government commitment and post-privatization performance. Section 10.4 presents the government reform experience in Shunde, Guangdong province. Section 10.5 concludes with a discussion of the implications of the study. A commentary is also included at the end of the chapter.

Keywords: privatization policy; local government; regional disparities; Shunde; Guangdong Province; government reform

Chapter.  10786 words.  Illustrated.

Subjects: Business and Management

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