Ownership Transformation and System Change in China
Compared to other post-socialist economies, the evolution of ownership forms during system change appears quite original in China. A first diversification occurred during the 1980s, with the enlargement of « non-state » (private, foreign) ownership forms ; concurrently usus and fructus rights were r...
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| Format: | Article |
| Language: | English |
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Association Recherche & Régulation
2017-06-01
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| Series: | Revue de la Régulation |
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| Online Access: | https://journals.openedition.org/regulation/12298 |
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| author | Bernard Chavance |
| author_facet | Bernard Chavance |
| author_sort | Bernard Chavance |
| collection | DOAJ |
| description | Compared to other post-socialist economies, the evolution of ownership forms during system change appears quite original in China. A first diversification occurred during the 1980s, with the enlargement of « non-state » (private, foreign) ownership forms ; concurrently usus and fructus rights were redistributed within unchanged legal forms of collective and state ownership. During the 1990s a wide-scale privatization process was launched both in the collective industrial sector and in the state sector. Since the 2000s, a mixed system stabilized where non-state forms predominate from a quantitative point of view, while the state sector takes the form of large business groups in the strategic sectors. The entangled character of both private and state ownership, and the connexion of these two sectors with the Party, make up the base of an original type of party-state (mixed) capitalism. |
| format | Article |
| id | doaj-art-9052795b2c4345e6ab7513a762373e0f |
| institution | Kabale University |
| issn | 1957-7796 |
| language | English |
| publishDate | 2017-06-01 |
| publisher | Association Recherche & Régulation |
| record_format | Article |
| series | Revue de la Régulation |
| spelling | doaj-art-9052795b2c4345e6ab7513a762373e0f2025-01-30T14:26:56ZengAssociation Recherche & RégulationRevue de la Régulation1957-77962017-06-012110.4000/regulation.12298Ownership Transformation and System Change in ChinaBernard ChavanceCompared to other post-socialist economies, the evolution of ownership forms during system change appears quite original in China. A first diversification occurred during the 1980s, with the enlargement of « non-state » (private, foreign) ownership forms ; concurrently usus and fructus rights were redistributed within unchanged legal forms of collective and state ownership. During the 1990s a wide-scale privatization process was launched both in the collective industrial sector and in the state sector. Since the 2000s, a mixed system stabilized where non-state forms predominate from a quantitative point of view, while the state sector takes the form of large business groups in the strategic sectors. The entangled character of both private and state ownership, and the connexion of these two sectors with the Party, make up the base of an original type of party-state (mixed) capitalism.https://journals.openedition.org/regulation/12298Institutional changeEconomic systemOwnershipProperty rightsPrivatizationNational champions |
| spellingShingle | Bernard Chavance Ownership Transformation and System Change in China Revue de la Régulation Institutional change Economic system Ownership Property rights Privatization National champions |
| title | Ownership Transformation and System Change in China |
| title_full | Ownership Transformation and System Change in China |
| title_fullStr | Ownership Transformation and System Change in China |
| title_full_unstemmed | Ownership Transformation and System Change in China |
| title_short | Ownership Transformation and System Change in China |
| title_sort | ownership transformation and system change in china |
| topic | Institutional change Economic system Ownership Property rights Privatization National champions |
| url | https://journals.openedition.org/regulation/12298 |
| work_keys_str_mv | AT bernardchavance ownershiptransformationandsystemchangeinchina |