This book discusses the key issues in private sector development in China and includes: An overview of the development of private enterprises in China Analysis of the development and emerging paths toward private enterprise Examination of the business environment in which private enterprises operate How the legal environment has changed through economic reform Managerial capabilities and state-business interactions Suggestions of policy recommendationsPerhaps controversially, the contributors suggest that private sector development is necessary to maintain the dynamism of the Chinese economy and create greater employment opportunities. China's Third Economic Transformation will appeal to scholars of Asian Economics and business who are interested in the rapid growth of the private sector in China.
Ross Garnaut is Professor of Economics at the Australian National University and Honorary Professor of the Chinese Academy of Social Sciences. His previous appointments include Australian Ambassador to China and Economic Adviser to the Australian Prime Minister.
Ligang Song is Fellow and Director of the China Economy and Business Program at the Australian National University.