Fung, Hung-gay; Kummer, Donald R.; Shen, Jinjian - In: The Chinese economy 39 (2006) 2, pp. 5-25
This article discusses the general characteristics and issues of the privatization programs in China, including … constitutional changes, privatization with mergers and acquisitions, ownership structure in China, real estate reforms, and finance … workers are now employed by nonstate enterprises, suggesting that China is indeed a market-oriented economy. Interestingly, we …