The State Strikes Back by Lardy, Nicholas R. -- Read -- Imperial Library of Trantor

Index

Cover Half Title Title Copyright Contents Preface Acknowledgments Introduction 1 Understanding China’s Economic Slowdown after the Global Financial Crisis

China’s Global Economic Role Causes of the Slowdown The Rebalancing Strategy Explaining the Rebalancing Progress

2 China’s Convergence Potential

Approaches to Analyzing China’s Growth Potential International Convergence in Asia Disparities within Groups of Chinese Firms Explaining the Weaker Performance of State Firms Potential for Domestic Convergence

3 China’s Failing Strategy to Reform State-Owned Enterprises

Corporatization Mergers Mixed Ownership Debt-to-Equity Swaps Governance Reforms Financial Reforms Conclusion

4 The Path Back to Market-Oriented Economic Reform

Reduce Barriers to Entry Promote Mergers and Acquisitions and Bankruptcy Reform the Financial Sector Improve Governance

5 Prospects for Further Economic Reform

Obstacles to Reform of State-Owned Enterprises Reasons to Be Optimistic

Appendices

Appendix A Assets in China Appendix B Enterprise Subsidies

References Index Back Cover

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