Business in China—The Evolution of Laws and the Market
This chapter examines whether the corporate laws that transformed Chinese enterprises into shareholding corporations have mattered in generating improvements in firm performance. It reviews the business environment in China after years of reform and how it is likely to evolve. The differing regimes for state-owned enterprises (SOEs) and Chinese private and foreign firms remain in some forms, but China is moving toward a unified rule of law system to govern its increasingly decentralized and marketized economy.
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