Kato, Takao; Long, Cheryl - 2008
restructuring
may be needed for China to successfully transform its SOEs to efficient modernized
corporations and reform its … success of overall reform during transition (e.g. Aghion et
al., 1994). Key issues include the formation of markets for …’s
3
Naughton (1995) and Yang (1997) provide a detailed discussion on China’s earlier enterprise
reform from a historic …