State owned enterprise (SOE) reform is one of the biggest issues for every transition economy. Even the Chinese economy, which is widely known as a successful case for "gradualist" economic transition, has been faced with poor management and low efficiency of many SOEs. As in the case for...

It is widely recognized in China, and even among some western economists, that the experiment undergoing with a title of "socialist market economy" has put spurs to its economy with the result that it not only has saved socialism but its international status has been raised much higher. The...