Evaluation of the World Bank's Contribution to Chinese Enterprise Reform

It is widely recognized in Chinese policy-making circles that the World Bank made a significant contribution to the country s enterprise reform in the 1980s. A major contribution consisted of bringing eminent international scholars and policy-makers to China, and in sending leading Chinese scholars and policy-makers abroad. The World Bank's financial support for these activities had a significant impact on the development of ideas on enterprise reform, especially at the highly influential Chinese Economic System Reform Research Institute (CESRRI), under the state council. The contribution of the World Bank was given more concrete form in the shape of joint research (from 1983 to 1985) on state enterprise reform, between the World Bank and leading Chinese institutions, under the umbrella of the Economics Research Institute of the Chinese Academy of Social Sciences. The World Bank has been involved in several industrial projects through its loan program. The main point of focus has been the fertilizer sector, but it has also been involved in projects in the machine tool, pharmaceuticals, and cement sectors. The World Bank has devoted increasing amounts of research resources in the China field to analyzing the role of private enterprise in the economy.

Bibliographic Details

Main Author:	Nolan, Peter
Language:	English en_US
Published:	World Bank, Washington, DC 2005-04-27
Subjects:	ACCOUNTABILITY, ACCOUNTING, ACQUISITIONS, ADB, ASSET MANAGEMENT, ASSET MANAGEMENT COMPANIES, BANK FAILURE, BANKING SECTOR, BANKING SYSTEM, BANKRUPTCY, BANKRUPTCY CASES, BANKRUPTCY LAW, BONDS, BORROWER, BRANCHES, BUSINESS STRUCTURE, CAPITAL MARKETS, CAPITALIZATION, CEO, CEOS, CO-OPERATIVE, CO-OPERATIVES, COLLECTIVE, COMMERCIAL BANKS, COMPANY, COMPETITION POLICY, COMPETITOR, COMPETITORS, COOPERATIVES, CORPORATE ENTITIES, CORPORATE ENTITY, CORPORATE GOVERNANCE, CORPORATION, CORPORATIONS, CREDIT COOPERATIVES, DEPOSITS, DEVELOPING COUNTRIES, DEVELOPMENT BANK, DOWNSIZING, DUOPOLY, ENTERPRISE ORGANIZATION, ENTERPRISE REFORM, EQUIPMENT, EXPANSION, EXPENDITURE, FINANCIAL CRISIS, FINANCIAL FLOWS, FINANCIAL INSTITUTIONS, FINANCIAL SERVICES, FINANCIAL STABILITY, FINANCIAL SUPPORT, FINANCIAL SYSTEM, FIRMS, FIXED INVESTMENT, FOREIGN DIRECT INVESTMENT, GLOBAL BUSINESS, GLOBAL CAPITAL, GLOBAL ECONOMY, GLOBAL MARKET, GLOBAL MARKETS, GOVERNMENT POLICY, HOLDING, HOLDING COMPANY, INCORPORATED, INDUSTRIAL POLICIES, INDUSTRIAL POLICY, INFORMATION TECHNOLOGY, INITIAL PUBLIC OFFERING, INSTITUTIONAL CAPACITY, INSTITUTIONAL DEVELOPMENT, INSURANCE, INSURANCE COMPANIES, INTERNATIONAL BUSINESS, INTERNATIONAL FINANCIAL INSTITUTIONS, INTERNATIONAL INVESTMENT, INTERNATIONAL INVESTMENT BANK, INTERNATIONAL MARKETS, INTERNATIONAL STANDARDS, INVENTORIES, INVESTIGATION, INVESTMENT BANKERS, INVESTMENT BANKING, INVESTMENT BANKS, INVESTMENT CORPORATION, IPO, JOINT VENTURE, JOINT VENTURE PARTNERS, JOINT VENTURES, JUDICIAL SYSTEM, LARGE ENTERPRISES, LEGAL ENTITIES, LEVEL PLAYING FIELD, LIMITED, LOAN, LOCAL BANKS, LOCAL GOVERNMENT, MANUFACTURERS, MARKET ACCESS, MARKET ECONOMY, MERGER, MERGERS, MINORITY SHAREHOLDERS, MOBILE PHONES, NON-PERFORMING LOANS, NONPERFORMING LOANS, OLIGOPOLY, PARTY, PRIVATE ENTERPRISE, PRIVATE ENTERPRISES, PROPERTY RIGHTS, PROTECTION OF CREDITORS, PUBLIC OFFERINGS, PUBLIC POLICY, RULE OF LAW, RURAL CREDIT, SECURITIES, SHAREHOLDER, SHAREHOLDERS, SMALL ENTERPRISES, SME, SME SECTOR, STATE BANKS, STATE ENTERPRISE, STATE ENTERPRISES, STATE INTERVENTION, STOCK EXCHANGE, STOCK MARKET, STOCK MARKET CAPITALIZATION, STOCK MARKETS, SUPPLIER, SUPPLIERS, SWAP, TELECOMMUNICATIONS, TRADE CREDITORS, UNIVERSITIES, VALUATION,
Online Access:	http://documents.worldbank.org/curated/en/2005/04/20106099/evaluation-world-contribution-chinese-enterprise-reform https://hdl.handle.net/10986/20211
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