Although China's centrally planned economy is a little more than a shadow of its former self, the closely inter-linked reforms of the enterprise and banking sectors are still incomplete. The relative size of the state-owned enterprise sector has been much reduced, however, the sector remains the...

This publication is organized as follows: Chapter 1, discuses China's industrial system: where it is now, where it should be headed, and why. Chapter 2, contains reform in China. Chapter 3, discusses the accelerated change in enterprise ownership 1997-2003. Chapter 4, covers Chinese ownership...