China: the planned to free market paradigm

Emerald - Tập 23 Số 12 - Trang 21-28 - 1995
BrendaSternquist1, ZhouXi Qiao2
1Professor in the Department of Human Environment and Design at Michigan State University, East Lansing, Michigan, USA.
2Vice‐President of the University of Shanghai International Business School, Shanghai, China.

Tóm tắt

Reveals that the People′s Republic of China is a market in transition. The Chinese Government wants to modernize the retail industry as part of the movement from a planned economy to a market economy. Reports that a series of interviews with managers of government‐owned department stores and co‐operatives, free market retailers and members of the municipal and federal commercial planning committees began in 1992. One year later, when a second series of interviews was conducted, the retail industry was vastly different. Joint ventures increased and store managers were given the right to choose their own form of operation. Consumers have experienced self‐service food stores and foreign department stores opened in Beijing and Shanghai. A third set of interviews conducted in March 1995 showed that many reforms had been rescinded because of high domestic inflation. Several new retail ventures aimed at the nouveaux riches in China have had to position downwards. Concludes that the People′s Republic of China′s change from a planned to a market economy is a lesson in social and market change.

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Tài liệu tham khảo

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Emerald

Tập 23 Số 12

21-28

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