THE “CATFISH EFFECT” OF THE PRIVATE SECTOR ON THE ECONOMY OF THE PEOPLE’S REPUBLIC OF CHINA

1996 ◽  
Vol 04 (04) ◽  
pp. 331-349 ◽  
Author(s):  
ZHANG YOUZHUO ◽  
FU JIESHENG ◽  
M.Y. WONG ◽  
SALLY STEWART

Just as a catfish placed in a tank will by its vigorous activity oxygenate the water and energise the other fish, so the private sector1 in the People’s Republic of China (PRC) is stimulating progress in other aspects of the economy. It is suggested that the changes, which include the creation of a new entrepreneurial class; setting a model for “capital operations” in the transition to a market economy; accelerating the formation of a competitive climate and acting as a pioneer, are contributing greatly to the development of the PRC. The paper concludes that the private sector provides a new dynamic force and is unlikely to be abolished again.

2019 ◽  
Vol 28 (1) ◽  
pp. 48-58
Author(s):  
Lenka Ližbetinová ◽  
Miloš Hitka

The aim of the article is to identify significant differences in motivational preferences of employees of Small and Medium-sized Enterprises (SMEs) by comparing their membership to the region and gender. The paper presents the partial outcomes of research on the level of motivation and the preferences of employees in the Czech Republic and the Beijing municipality administration of the People’s Republic of China. The survey was carried out in 2017 using a questionnaire. The questionnaires were distributed in small and medium-sized enterprises engaged in various areas of business. The sample included the entire territory of the Czech Republic (CR) and the Beijing municipality administration in the People’s Republic of China (PRC). A total of 2,673 respondents participated in the survey, of which 899 were respondents in the Beijing municipality administration and 1,774 respondents from the Czech Republic. Descriptive statistics was used to characterize the sampling unit. The other methods used to evaluate data in the article were the Student two-sample t-test, F test, and ANOVA. The differences in motivational preferences of employees revealed by the study can be used as a basis for creating appropriate incentive programs for multinational business teams.


Author(s):  
Mingyu Liu

The article provides an overview of the reform of the surveillance system in the People’s Republic of China. The establishment of the supervisory commission is conducive to the integration and optimization of anticorruption forces and building up a centralized, unified, authoritative and efficient supervision system. However, the anti-corruption mechanism has also moved towards centralized from decentralized, and the mixture of powers with different natures has increased risks and uncertainties in the process of supervision. On the one hand, the balance of legal powers among state organs is touched; on the other hand, it is not conducive to the protection of rights of the investigated.


2015 ◽  
Vol 19 (4) ◽  
pp. 26-33
Author(s):  
Andrzej Kowalczyk

Abstract Many hotels are owned by a few dozen so-called hotel chains or hotel systems. The rapid growth of big hotel companies can be regarded as proof of the entrance of hotel systems into the globalisation phase. Since 2006, companies from the People’s Republic of China (PRC) have been among the world’s top hotel systems. This year can be considered as the symbolic beginning of a new stage in the history of the largest hotel systems. This paper shows two main trends. On the one hand, the processes that could be observed in the market of the major global hotel systems from the 1990s are still discernible (for example, the position of the so-called hotel megasystems). On the other hand, new trends have come to the fore in recent years, notably the emergence of systems from the People’s Republic of China among the world’s largest hotel systems.


2014 ◽  
pp. 143-153
Author(s):  
A. Maltsev

The article is a review of the book “Demystifying the Chinese Economy” written by the famous Chinese economist J. Y. Lin. The book is about the China economic decline in the XVIII - beginning of the XX centuries; Lin also analyzes the country’s uneasy path towards market economy. Special attention according to the author should be paid to the success story of socio-economic modernization of People’s Republic of China in the last decades, which Lin explains using the comparative advantages concept.


2009 ◽  
Vol 14 (01) ◽  
pp. 39-58 ◽  
Author(s):  
XIAOHONG HE

This paper aims to study the issues and unique characteristics surrounding the birth and development of the private sector in the People's Republic of China (China); analyze the interaction of entrepreneurial behavior and the country's unique and continuously changing regulatory and institutional environment; examine the actions, outcomes, and composition of this emerging entrepreneurial class; and analyze the implications for entrepreneurship research in transitional economies. The paper offers a model built on a dynamic and transitional cycle. Using this model, the paper examines how uncertainties, ambiguities, and changing regulatory environments may create opportunities, bolstering the entrepreneurial class as well as an impressive private sector in a country where entrepreneurs and private business can be at odds with socialist ideology and culture in addition to many regulatory and institutional obstacles. Rather than relying upon limited survey data targeted at specific locations, industries, or time periods, this study is based on seven large-scale surveys conducted from 1993 to 2006 in both urban and rural areas extending horizontally across different industries in China, with a primary focus on private business. The findings are relevant for future research and government policy in transitional economies.


2018 ◽  
Vol 17 (2) ◽  
pp. 313-334 ◽  
Author(s):  
ILARIA ESPA ◽  
PHILIP I. LEVY

AbstractThe compliance Appellate Body decision marks the latest twist in the long-running EC–Fasteners dispute. The question before the AB is whether the European Union complied with earlier rulings on its anti-dumping procedures. Broadly, the AB found that the EU had not, generally ruling in favor of the People's Republic of China. In the process, the AB raised interesting questions about what it means to be a Non-Market Economy (NME) in the WTO. While NME status has traditionally led to large dumping margins, the AB approach in this case may lessen the consequences for China. Among other things, the case raises the interesting and important question of how pervasive the taint of NME status may be when calculating margins. By allowing for adjustments of certain costs, the AB seems to constrain the more draconian analogue country methodology of calculation.


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