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Chinese Industrial Structure in Transition: The Emergence of Stock-offering Firms

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  • Aimin Chen

Abstract

The emergence of stock issuance in China challenges the most fundamental systemic institution of social ownership of the means of production. This paper analyzes the development of China's stock markets and its impact on the structure of ownership and control in China's industries. It presents the structure of Chinese industry in transition along with the emergence of stock-offering firms. The problems existing in the current stock market development are identified, and policy implications are derived.

Suggested Citation

  • Aimin Chen, 1994. "Chinese Industrial Structure in Transition: The Emergence of Stock-offering Firms," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 36(4), pages 1-19, December.
    • Handle: RePEc:pal:compes:v:36:y:1994:i:4:p:1-19
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    Cited by:

    1. Chen, Aimin, 1998. "Inertia in reforming China's state-Owned enterprises: The case of Chongqing," World Development, Elsevier, vol. 26(3), pages 479-495, March.
    2. Jeffrey Sachs & Wing Thye Woo & Xiaokai Yang, 2000. "Economic Reforms and Constitutional Transition," Annals of Economics and Finance, Society for AEF, vol. 1(2), pages 423-479, November.
    3. Jeffrey D. Sachs & Wing Thye Woo, "undated". "Understanding China'S Economic Performance," Department of Economics 97-04, California Davis - Department of Economics.

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