Assessing the Extent of China's Marketization

This book outlines the development process of China's market economy, analyzes the efforts made and the results obtained by China when striving for a resolution of the non-market economy issue and expounds the researchers' views on this important issue.Section 1 provides an empirical analysis on the latest developments in nine aspects of China's market economynamely, reform of government administrative system, marketization of enterprises, labor flow and market determination of wage rates, market-determination capital transaction, market-oriented land transaction, marketization of trade, scale of intermediary organizations and their market-oriented operations, marketization of money and finance and improvement in China's market economy legal framework.Section 2, titled "The Development of China's Market Economy by Western Standards",summarises the major points of contention with the EU and the US during the process of China's market economy development and includes such topics as the extent of renminbi convertibility, the independence of the financial sector, the freedom of the labor in bargaining with the employer for wage rates, the extent of admission of foreign investment, the extent of government ownership or control of the means of production and enterprises, the extent of government control of enterprises, the protection of property rights and the bankruptcy law, company law and corporate governance.