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China's recent economic reforms have led to impressive growth, and an unprecedented enthusiasm for establishing foreign enterprises in China. Since 1993, China has been the second largest recipient of foreign direct investment in the world and is now considered to be the world's third biggest economy. Its greater economic integration with the rest of the world, especially since its accession to the World Trade Organisation (WTO), has further accelerated its market-oriented economic reforms. China is now opening its protected markets and beginning to submit to the rule of international law. This ongoing transition and increasing participation in the world economy has resulted in significant changes in human resource management and social welfare practices in China's enterprises. The book examines the key areas, all of which are linked, where China is grappling with institutional reforms as it opens up to the outside world: state-owned enterprise reform, capital markets and financial reform, human resources and labour market reform, social welfare reform, and China's accession to the WTO and the growth of the private sector.
'[This book] provides valuable and well-researched essays examining many key aspects of China's economic reform.' - China Journal
'This book is a timely and important contribution to the literature on the institutional evolution of China's business system. It is valuable for teachers, researchers and business practioners interested in understanding the transformation of China's business system.' - China Journal
List of Figures List of Tables List of Contributors 1. Institutional Challenges for China's Business Reforms in a Globalized Economy 2. Industrial Restructuring and Corporate Governance in China's Large-Scale State-Owned Enterprises 3. Regional Comparative Analysis of China's Banking System 4. Solving Agency Problems in a Cross-Border Environment 5. Foreign Banks - Market Entry and Foreign Investment 6. Accounting for Intangible Assets and the Relevance of Financial Statements in Developed and Emerging Capital Markets: Australia and China 7. Changing Structure of Chinese Enterprises and Human Resource Management Practices in China 8. The Management of Human Resources in Shanghai: A Case Study of Policy Responses to Employment and Unemployment in the People's Republic of China 9. Employee Perceptions of Social Protection Reform in Shanghai: Diversity Across Ownership Forms and Occupations 10. Pension Reform in China: Imperatives, Constraints and Outcomes 11. Globalization and Occupational Health and Safety Regulation in China 12. China's Entry to the WTO: Effects of Reducing Tariff and Non-Tariff Barriers and Endogenous Productivity Growth 13. Raw Entrepreneurship and the Rise of the New Private Sector in Western China: The Hope Group of Chengdu, Sichuan Province Bibliography Index