change, diversity and competition: foreign banks in Shanghai, 1847-2004 / Jeroen Kuilman -- Foreign firms in China: success … by strategic choices / Xueyuan Zhang and Patrick Reinmoeller -- The new great leap: the rise of China's ICT industry … / Mark Joannes Greeven -- Enterprise ground zero in China / Barbara Krug -- China's emerging tax regime: local tax farming …

The authors of this work argue strongly that the decentralization that has taken place in China over the past two … state capacity in China, and that the state's fiscal revenues, as a percentage of GNP, have declined and will continue to … decline into the foreseeable future, thereby weakening China's ability to mobilize resources for modernization …

China's long-term economic success is driven by new firms, new sectors and new business practices. This book explores … transformation. Finally, the book establishes local institutions and local governance as crucial dimensions of China's emerging …