SunChinaPrivat

SunChinaPrivat - Privatization In China Economics 508 John...

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    Privatization In China Economics 508 John Sun
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    Definitions TVE  -  Town and Village Enterprises - local community,  government control of firms, in contrast with private or  national government control. SOE  - State-Owned-Enterprise - businesses owned by the  state, but the managerial side could be privately run. Private -  normal definition. Privately owned and operated. Joint-venture  - SOE combines with a foreign firm. Urban collectives —enterprises owned jointly by managers  and their workforces. Many are publicly-owned, but operate like private firms,  outside of the plan.
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    Brief History Began in 1978 under Deng Xiaoping.  Two main changes: Leased Land and Dual  Price System. Successful, so price system extended to  SOEs. Late 1990s, people started getting laid-off  from SOEs.
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    “Other” Employment/Total 0 0.02 0.04 0.06 0.08 0.1 0.12 0.14 0.16 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 JUMPS
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SunChinaPrivat - Privatization In China Economics 508 John...

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