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Cover Shareholding System Reform in China
Shareholding System Reform in China
Privatizing by Groping for Stones
Shu-Yun Ma
Since the 1980s, there has been a global wave of transfer of state assets to private hands. China is a relatively late participant of this worldwide trend, yet, in the last decade it has emerged as one of the largest privatizing countries. Shu-Yun Ma argues that China’s privatization is not based on any grand blueprint; rather, it is privatization by ‘groping for stones to cross the river’, a well-known metaphor often attributed to Deng Xiaoping, meaning that the reform simply proceeds on a trial-and-error basis without being guided by any theory.
Restricted access
Monograph Book
Publication Date:
31 Mar 2010
DOI:
https://doi.org/10.4337/9781849805360
Collections:
Economics 2010 and before