Chinese state enterprises' woes are forcing workers to turn capitalist, with mixed results
Article Abstract:
A growing number of Chinese workers are being forced into entrepreneurship as state-owned enterprises continue to lay off their employees. Many of these beginning businessmen, long sheltered by state-provided employment, are finding out to their dismay about the many harsh realities of capitalism. Many of these workers are becoming increasingly bitter as they view the growing affluence of government officials and appointed company managers. Although some laid-off workers have managed to succeed as capitalists, the vast majority are struggling to survive.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1995
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Zhucheng shines as model city for those seeking to reform China's state sector
Article Abstract:
The small city of Zhucheng in the northeastern province of Shandong is serving as a laboratory for drastic state sector reform in China. The local government is privatizing state enterprises, leasing some to the private sector, transforming others into shareholding organizations, and even giving away unprofitable entities. Zhucheng's style of reforms is gaining popularity among other local governments in China because of the profits and productivity it generates. The reforms have been approved by China's economic chief, Vice Premier Zhu Rongji.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1996
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Chinese in rural areas get first lesson in democracy voting for local officials
Article Abstract:
Several rural Chinese residents are experiencing the democratic process for the first time via local elections. Although the country is still nominally communist, a hybrid grass-roots democracy which favors new non-party politicians is gaining ground in rural areas. Beijing officials are using the local elections to gain credibility and control over the country's 900 million peasants. However, major decisions are still being made by top officials with minimal checks and balances to neutralize their power.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1995
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Comment about this article or add new information about this topic:
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