China today produces nearly half of the world's steel and is the world's largest importer of iron ore. Steel has been a central part of China's rapid growth story, but it is also a source of many problems that range from the Chinese industry s environmental impact to the problems associated with the continued dominance the sector's state owned enterprises. This book of chapters edited by Ligang Song and Haimin Liu is a major and comprehensive contribution to this important topic.' - Dwight Perkins, Harvard University, Department of Economics, US'Chinese economic reform and opening to the international economy since the late 1970s have changed the country and the world. The developments in the steel industry through the reform period are central to those changes, illuminative of them, and of immense significance in themselves. This book throws new light on these historic changes for Chinese and foreign readers alike.' - From the foreword by Ross Garnaut, University of Melbourne, Australia This unique and informative book provides a central reference work on the Chinese steel industry and discusses China s increasing demand on metals from both macroeconomic and regional perspectives. It includes macroeconomic studies of developments in Chinese resource demand with particular reference to the ferrous metals and microeconomic studies that utilize comprehensive firm-level data to evince new knowledge of both firm and industry performance with respect to their productivity, the technical efficiency, and industrial linkages. The book also discusses trade in steel products and the impact of the restructuring of the industry on the environment. This detailed and analytical study will appeal to academics, students and researchers in Chinese studies, government agencies and private sectors - such as the mining industry, as well as financial agencies analyzing the Chinese demand on global resources. Contributors include: G. Dai, J. Golley, H. Liu, H. McKay, Y. Sheng, L. Song, Y. Zheng

Contents:
List of figures
List of tables
List of contributors
Preface
Abbreviations
Part I: Private Enterprise Development: Overview
1. Private Enterprise in China: Development, Constraints and Policy Implications Ross Garnaut and Ligang Song
2. The Contribution of the Non-State Sector to China's Economic Growth Xiaolu Wang
Part II: Paths Towards Emerging Private Enterprise
3. Emerging Private Enterprise in China: Transitional Paths and Implications Ligang Song
4. Private Enterprise Development in rural China Yiping Huang, Fang Cai and Tina Chen
5. Privatisation and Economic Performance in China Xiaowen Tian
6. SOE Reform and Private Sector Development in China Yongzheng Yang
7. Privatising the small SOEs Yang Yao
8. The Impact of Foreign Direct Investment on China's Economy Chunlai Chen and Christopher Findlay
Part III: Market Reform and the Business Environment
9. Financing the Private Sector On Kit Tam
10. Financing Small and Micro-Enterprises in Rural Areas Enjiang Cheng
11. Private Sector Development and the Labour Market Reform Xin Meng
12. Private Enterprises and the Law Jian Fu
13. Contract Disputes and Court Verdicts involving Chinese Private Enterprises Rongshu Ke and Weiying Zhang
Part IV: Governance and Innovation
14. Governance and Management John Child and Hubertus Pleister
15. State-business Interaction in the IT Sector Bennis Wai-Yip So
Conclusion
16. Correcting Constraints to Private Enterprise Development: Lessons from a Private Sector Survey Ross Garnaut and Ligang Song
Index

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 recommendations
Perhaps 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.

This volume provides a detailed up-to-date analysis of the strategic issues and policy options of China's accession to the WTO. Quantitative analysis demonstrates how tariff reduction resulting from China's accession to the WTO will benefit the Chinese economy as well as the rest of the world. The book argues that there is no single trade policy initiative likely to result in larger gains in international trade in the foreseeable future than China's accession to the WTO.

eBook available with sample pages: 020339822X

The economic growth of China is clearly one of the defining trends of our time. The world's most populous nation is undergoing a vast transformation that will redefine the global economy. Chinese industrial production has increased tremendously in recent years, and its consumption of resources has necessarily gone way up as well. These developments will have important impacts on economics, business, politics, and environmental conditions throughout the world. In C "hina's Dilemma: Economic Growth, the Environment, and Climate Change, " an international group of authorities examines the present status and likely future of China's economic rise and its impact on the environment, with particular focus on the all-important topic of global climate change. The first section addresses directly China's recent growth. Specific topics addressed here include the effects on China of the global credit crunch, determinants of growth, and their prospects for the future. Part II addresses China's environmental and climate concerns, including the impact on human health, their role in domestic politics, the health effects of environmental damage, and China's post- Kyoto climate strategy. Part III looks at the impact, and likely trajectory, of energy consumption in China. Contents Part I. Economic Growth: Determinants and Prospects Includes introduction Part II. Impact of Environment Degradation and Climate Change Part III. Energy Use, the Environment, and Future Trends