Private Enterprises And China's Economic Development

摘要

This volume opens with an informative Introduction and Overview written by the Editors, Shuanglin Lin and Xiaodong Zhu who document the resurgence of private enterprises in China as a response to economic stagnation and growing unemployment. The editors acknowledge that despite their widely recognised contribution to economic development, private enterprises still face considerable obstacles in China, including discrimination by state monopolised banks, punitive taxes, fees and levies, a weak legal system and competition from state-owned enterprises. This book sets out to propose a range of the solutions to how private enterprises could overcome barriers to growth and development. The volume under review is divided into four parts, each focusing on a specific set of barriers or obstacles. Part one incorporates four chapters that critically evaluate financial reforms and their impact on enterprise development in China. It emerges that the difficulty in gaining access to relevant credit represents a major obstacle to the development of private enterprises in this country.