China'S Centralized Industrial Order: Industrial Reform And The Rise Of Centrally Controlled Big Business (Routledge Studies On The Chinese Economy)

China's industrial reform has traditionally been depicted as the dissolution of central party state control and the development of an increasingly open, market-oriented, decentralized system, based on competitive enterprises, and adhering to the standards of liberal market economy. This book, on the other hand, argues that such conventional transition narratives are partial and misleading in that they ignore the persistence of an adaptable centrally controlled industrial governance system. This system, the book demonstrates, consists of four interconnected main components - the central party and its economic bureaucracy; targeted spheres of industrial assets and enterprise units; the party's nomenklatura personnel management system; and centrally controlled financial organization. The book examines the nature of this system, showing how China has been continuously experimenting with new practices, rules and governance forms, including the definition of the firm itself, how institutions and organizational forms have evolved over time, and how, overall, China's industrial reform is a diverse, multi-faceted process, in which central industrial order can adapt, with its own distinct logic.

• | Author: Chen Li
• | Publisher: Routledge
• | Publication Date: Nov 25, 2014
• | Number of Pages: 226 pages
• | Language: English
• | Binding: Hardcover
• | ISBN-10: 0415731593
• | ISBN-13: 9780415731591