It is often assumed that privatization leads to profit, and that
well-delineated property rights and a strong private sector will
help boost an economy. This book investigates the property rights
in Chinese enterprises in the reform era, finding that distinction
between the public and the private are blurred, that national
reform policies are implemented unevenly across the country, and
that enterprises owned by local governments, in Shanghai, for
example, are actually extremely profitable.
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