June 2008

State-owned Enterprises: Up From The Ashes

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A decade ago China’s state-owned enterprises threatened the entire economy. Today they are fantastically profitable and and moving aggressively into global markets. What happened?

Also in this issue:

Baoyun Qiao and Li Zhang examine the disparities in the availability of fiscal resources to fund basic public services between urban and rural areas, and also among regions

Gabriel Wildau says that China remains a country of cash and consumer credit is unlikely to provide a significant multiplier for household expenditure at any point in the next decade

Bill Adams argues that China’s banking reform has taken place at an astonishing pace

Simon Cartledge reviews Marketing Dictatorship: Propaganda and Thought Work in Contemporary China by Anne-Marie Brady