Business strategy in China’s Transition Economy: Problems and Perspectives
Authors: Xu Erming
Institutional reform is a main feature of China’s transition from a planned to a market economy which started in the 1980s, and is a major influence on economic growth. Specialists have published numerous studies on the process of institutional reform, such as research by Fan Gang on incremental reform (1991, 1993 and 1996), Yang Ruilong’s theory of three-stage institutional change (1998) and Zhou Ye’an’s take on trends in China’s institutions (2000). To a certain extent, this research describes the transformation process of China’s economic system.
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