In this paper, a simplified mathematical model based on the behavioral pattern of firms in the PRC is used to discuss the impact of marketization and privatization on private sector development. The model demonstrates that private enterprises, SOEs, and other entities undergoing reform in the...

For the past several years, the revaluation of the renminbi has been a hot topic among policy makers and economists as well as market participants inside and outside the PRC against the background of internal and external disequilibrium of the PRC economy. Based upon the history of the exchange...

In recent years, economists and policymakers have given much greater attention to fiscal reform in the PRC. This reflects the fact that after the Asian financial crisis the fiscal balance of the PRC government rapidly worsened. Second, the PRC economy as a whole has been moving in a more...

With deregulation and globalization, and the impact of these developments on economies worldwide, it has become necessary for the PRC authorities to consider an approach that would further attune its economic engine toward sustained growth. This paper argues that certain sectors of the economy