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Abstract
In the preceding chapters of this book we have looked in some detail at the functioning and performance of Chinese state-owned industrial enterprises. This is of interest in its own right, and throws light on some of the impact and repercussions of the economic reform programme pursued in China in the middle years of the 1980s. But the analysis naturally leads on to the questions of the future of economic reform. How should it evolve from here and at what pace? Is further change necessary or desirable? Indeed, have some of the developments in recent years gone too far? These are controversial and very far-reaching questions which cannot be answered solely by reference to empirical analysis of recent enterprise performance, important though that is. The purpose of this chapter is to examine some of the considerations involved, as a basis for making suggestions for the future. A complementary purpose is to place what has been achieved in the present stage of economic reform in context, the better to see how such suggestions fit with the evolution of reform and of the Chinese economy more generally. This in turn forms a backcloth for examining more specific enterprise reform proposals which have been put forward in recent years.
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