chapter  2
11 Pages

Financial Liberalization: Implications for Corporate Governance

ByHung-Gay Fung, Wai Kin Leung

Chinese economic policies have been viewed as models for developing countries because of China’s remarkable economic growth rate since 1978. This success is attributable primarily to various sound economic plans. They include economic reforms such as different economic zones, provision of government incentive packages that promote exports, opening up the economy to foreign investors for joint ventures and investment, and the restructuring of numerous unprofitable state-owned enterprises (SOEs).