Stake-holder firms and the reform of local public finance in China

Anderson, Ronald W. (2021) Stake-holder firms and the reform of local public finance in China. Systemic Risk Centre Discussion Papers (108). Systemic Risk Centre, The London School of Economics and Political Science, London, UK.

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Abstract

Since 1978 China has developed strongly using a particular form of capitalism which has relied upon close relations between private enterprise and the state and the continuing presence of state-owned enterprise, both centrally and at local levels. This model has been criticised as being responsible for the rapid rise of debt since 2010 and the slow-down of growth more recently. Using examples taken from Guangdong Province in south China I illustrate the workings of this system and highlight the challenges to adapting it to support China's growth ambitions for the coming decades.

Item Type:	Monograph (Discussion Paper)
Official URL:	https://www.systemicrisk.ac.uk/
Additional Information:	© 2021 The Author(s)
Divisions:	Systemic Risk Centre
Subjects:	H Social Sciences > HC Economic History and Conditions H Social Sciences > HG Finance
JEL classification:	G - Financial Economics > G3 - Corporate Finance and Governance > G30 - General H - Public Economics > H2 - Taxation, Subsidies, and Revenue > H20 - General K - Law and Economics > K4 - Legal Procedure, the Legal System, and Illegal Behavior > K40 - General P - Economic Systems > P2 - Socialist Systems and Transitional Economies > P20 - General
Date Deposited:	29 Jun 2023 16:12
Last Modified:	16 Sep 2023 00:00
URI:	http://eprints.lse.ac.uk/id/eprint/118892

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