Forging reform in China

by Edward S. Steinfeld

"State-owned enterprises (SOEs), the foundation of China's industrial base, are the nation's steel makers, machine builders, auto and truck manufacturers, and petroleum producers. Despite an array of well-intentioned, market-oriented reform measures, these SOEs as a group have never truly been forced to face hard budgets, the pressure of a bottom line, or the threat of bankruptcy. Forging Reform in China explains how and why these measures have not been sweepingly successful to date, and what will be needed to achieve meaningful reform."--BOOK JACKET.