Exposed to powerful new economic forces, and undergoing dramatic ownership reforms and technological changes, China's industries are modernizing at a breakneck pace. In many industries, the outcomes have been chaotic and poorly aligned with societal objectives. This book analyses the...

The economic reforms that have begun in China in 1978 had a number of major objectives. These were a shift in focus towards meeting consumption needs, a move to intensive development based on increased efficiency of resource use rather than extensive development, a greater autonomy for...