China has undergone a remarkable transition over the past thirty years from a centrally-planned economy to a more market oriented one. The transformation of business in China has been correspondingly evident. This book gives an interdisciplinary analysis of the evolution of business development in China and the 'marketization' of industry during this period within a complex framework of legal, political, and economic reform aims. The book includes twelve original business case studies to provide industry-specific analysis of the overarching macroeconomic and legal developments. It examines both domestic enterprise reform in China and the evolving treatment of foreign firms in the context of both corporate laws and economic policies, and how business is likely to evolve as economic and legal reforms rapidly increase during the twenty-first century, notably with regard to China's increasing global integration.
Linda Yueh is Fellow in Economics at St Edmund Hall, Oxford University, and Adjunct Professor of Economics at London Business School. She is also Visiting Senior Fellow at the London School of Economics and Political Science's foreign policy think tank, the IDEAS research centre, and was Visiting Professor of Economics at Peking University. Dr. Yueh is also a TV and radio presenter, previously, acting as Chief Business Correspondent for BBC News and host of Talking Business with Linda Yueh for BBC World TV and BBC News Channel based in Singapore and Economics Editor and anchor at Bloomberg TV in London. Dr. Yueh is also a Non-Executive Director of Rentokil Initial, Trustee of the Coutts Foundation, Royal Commonwealth Society, and Malaria No More UK. She is a Fellow of the Royal Society of Arts and serves on the Policy Committee of the Centre for Economic Performance at the London School of Economics, and on the Advisory Board of The Official Monetary and Financial Institutions Forum.
1. Introduction ; 2. Legal and Economic Reforms and the Development of a Corporate Sector ; 3. Law and Markets ; 4. State-Owned Enterprises: Law as Instrument of Economic Policy ; 5. Collectively-Owned Enterprises: Hybrid Ownership Form and the Partial Reform Strategy ; 6. Private Firms: Law Ex Post and as Obstacle ; 7. Foreign Firms: Law Leading the Market ; 8. Conclusions: Business in China - the Evolution of Laws and the Market