Retreat of the state, advance of the private sector

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Retreat of the state, advance of the private sector
Chinese国退民进
meaningState-owned enterprises retreats, private firms advance
renationalization

Retreat of the state, advance of the private sector

reform and opening-up process in China.[2] It is a frequently mentioned phenomenon in the Chinese economic growth cycle that started in 2002.[7]

In 1998, the Chinese government comprehensively launched the policy of "guotui minjin",

the state advances, the private sector retreats".[10]

After 1978, the first landmark event of the phenomenon of "guotui minjin" in China was the "Tieben Incident" that occurred in 2004.[11] From 2008 to 2009, it reached a climax. The merger and reorganization of coal mining enterprises in Shanxi and the merger of Rizhao Iron and Steel by Shandong Iron and Steel Group were the landmark events.[12]

References

  1. ^ "William C. Kirby: Is China Ready for Leadership on the Global Stage?". Harvard Magazine. 6 April 2020.
  2. ^
    ISBN 978-1-107-12341-0
    .
  3. ISBN 978-0-7425-7428-1
    .
  4. ISBN 9789811368950
    .
  5. ^ New Finance Economics. New Finance Economics Magazine House. 2009.
  6. ISBN 978-0-19-989640-0
    .
  7. ^ "The worry of "Guojin mintui"". 163.com. 21 April 2009.
  8. ^ "State-owned enterprise reform: "guotui minjin" or "guojin mintui"?". State Information Center of China. 30 December 2014.
  9. ISBN 978-3-8471-0892-4
    .
  10. ^ China: From Revolution to Rise. Linking Publishing Co., Ltd. 3 June 2011. pp. 143–.
  11. ^ ""Guojin mintui" is making a comeback and economic resources are concentrated back to state-owned enterprises". China News Service. 26 May 2009.
  12. ISBN 978-988-8570-39-3
    .
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