Chinese iron and steel industry in transition : toward market mechanisms and economic efficiency
Economic reforms in the Chinese industrial sector during 1979-88 have followed two lines: decentralization of the authority of the central government bureaucracy to the provincial and local level and movement within enterprises towards greater reliance on the market mechanism and away from government planning. The latter movement has led to the development of market mechanisms in Chinese industry, but the bureaucratic decentralization has restricted the development of a national market and...[Show more]
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