List of Contributors

List of Abbreviations

PART I. INTRODUCTION

1. Economic Reform in Chinese Industry: Efficiency and Instability

Y. Y. KUEH

2. The Nature and Scope of the Survey Data

JOSEPH C. H. CHAI

GANG FAN

Y. Y. KUEH

PART II. ENTERPRISE BEHAVIOUR AND EFFICIENCY

3. Readjustment of the Managerial and Organizational Structure of Chinese Enterprises

MEE-KAU NYAW

4. Measuring the Changing Degree of Enterprise Decision-Making Autonomy and Constraints

SHUGUANG ZHANG

Y. Y. KUEH

5. Employment Policy and Productive Efficiency as Alternative Managerial Objectives

HING-LIN CHAN

SHU-KAM LEE

6. The Contract Responsibility System and X-Efficiency in the Machine Industry

PAK-HUNG MO

SUNG-KO LI

7. Investment Financing and the Profitability Criterion

Y. Y. KUEH

8. Marketization, Regional Economic Integration, and the Profit Criterion

PAK-HUNG MO

SHUI-PUI TONG

PART III. MACROECONOMIC INSTABILITY

9. Industrial Reform as a Major Cause of Inflation

GANG FAN

10. Wage Reforms and the Effectiveness of Aggregate Wage Target Control

ZHONGWEI YANG

ZHINENG HAN

11. Empirical Evidence of the Twin Expansion of Investment and Wage Outlay

SHU-KI TSANG

YUK-SHING CHENG

12. Hardening the `Budget Constraint' to Control Inflation under the Two-Track System

JOSEPH C. H. CHAI

CLEM TISDELL

13. Macroeconomic Policies, Financial Conditions, and Enterprise Behaviour

CHENG WANG

SHU-KI TSANG

PART IV. CONCLUSION

14. Prospects for a Transition to a Market Economy without Runaway Inflation

Y. Y. KUEH

Appendices

Y. Y. KUEH

1. A Note on the Changing Quantitative Importance of the Large- and Medium-Scale Industrial Enterprises within the Chinese Economy.

2. Major Production and Financial Statistics for the 300 Sample State-owned Large and Medium-Scale Industrial Enterprises in Comparison with the National Aggregates for the Large and Medium-Scale Industrial Enterprises and other Categories of Industrial Establishments, 1980-1994

Index