China’s Economic Powerhouse: Reform in Guangdong Province

274 Pages·2003·1.431 MB·English

by  Tung X. Bui, David C. Yang, Wayne D. Jones, Joanna Z. Li (eds.)

China’s Economic
Powerhouse
Reform in Guangdong Province
Edited by
Tung X. Bui, David C. Yang,
Wayne D. Jones and Joanna Z. Li
China’s Economic Powerhouse
This page intentionally left blank
China’s Economic Powerhouse
Reform in Guangdong Province
Edited by
Tung X. Bui
David C. Yang
Wayne D. Jones
and
Joanna Z. Li
© Tung X. Bui, David C. Yang, Wayne D. Jones and Joanna Z. Li 2003
Softcover reprint of the hardcover 1st edition 2003 978-1-4039-0385-3
All rights reserved. No reproduction, copy or transmission of this
publication may be made without written permission.
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Any person who does any unauthorized act in relation to this publication
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The authors have asserted their rights to be identified
as the authors of this work in accordance with the Copyright,
Designs and Patents Act 1988.
First published 2003 by
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PALGRAVE MACMILLAN is the global academic imprint of the Palgrave
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ISBN 978-1-349-50907-2 ISBN 978-0-230-50866-8 (eBook)
DOI 10.1057/9780230508668
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Library of Congress Cataloging-in-Publication Data
China’s economic powerhouse:reform in Guangdong Province / editors,
Tung X. Bui...[et al.].
p. cm.
Includes bibliographical references and index.
1. Guangdong Sheng (China)—Economic policy. 2. Guangdong Sheng
(China)—Economic conditions. I. Bui, Tung X., 1953–
HC428.K9 G833 2002
338.951′27—dc21 2002070639
10 9 8 7 6 5 4 3 2 1
12 11 10 09 08 07 06 05 04 03
Contents
List of Figures vii
List of Tables viii
Preface ix
Notes on the Editors and Contributors xiv
1 The Adjustment of Economic Structure and
Guangdong’s Economic Growth: Past Successes and
Future Challenges 1
Wenbiao Zhang
2 The Sustainable Development of Urban Forestry in
Guangdong’s Urbanization 20
Junqin Chen
3 Sustainable Land Resource Development in
Guangdong: What are the Current Issues? 34
Jingquan Yu
4 Restructuring Guangdong’s Power Industry:
Is It Possible? 60
Zhou Liang
5 Restructuring Agriculture in Guangdong Province:
A View Based on the American Agricultural Experience 79
Yefei Yang
6 Guangdong’s State-Owned Enterprise Reform:
Problems and Solutions 99
Biao Chen and Wayne Jones
7 Managing Growth of Township and Village
Enterprises in Guangdong: Lessons Learned
and Opportunities 110
Jingchao Geng
8 The Current Status and Future Strategy of
Guangdong’s Human Resource Development 136
Minsheng Chen
v
vi Contents
9 Improving HRM Practices in Guangdong’s SOEs 154
Yongling Zhu
10 To Be a Visionary Executive: A Perspective from
a Guangdong Executive 186
Linhai Fang
11 Guangdong: China’s Economic Powerhouse – The
Past, the Present and the Future 208
Joanna Z. Li and David C. Yang
Index 231
List of Figures
4.1 Installed generating capacity and electricity generated 61
4.2 Transmission lines of Guangdong grid 61
4.3 Capacity of transformers in Guangdong’s grid (MVA) 62
4.4 Installed generating capacity share in Guangdong 64
4.5 Installed generating capacity and investment 66
5.1 Number and size of farms in the United States 85
8.1 China’s educational expenditures 138
9.1 Organizational chart of Xinyue Co. Ltd 155
9.2 Structure of Xinyue Co. Ltd human resource
management functions 156
vii
List of Tables
3.1 Per capita land and cultivated land by country 35
4.1 Capacity of power plant units 72
5.1 Annual per capita household income and growth
of Guangdong’s rural area 80
5.2 Indices of farm output, input and productivity 86
7.1 General infromation on TVEs in Guangdong 113
7.2 Guangdong TVEs’ average annual per cent growth
in five phases of development 114
7.3 Ratios of different ownerships by number of TVEs,
number of employees, total income and net
profit in Guangdong 117
7.4 Average employees per TVE in different ownership
in Guangdong 118
7.5 Guangdong’s provincial TVE exports 119
7.6 Output of Guangdong’s TVEs by industry type 120
7.7 Taxes paid by Guangdong’s TVEs 121
7.8 Financial ratio comparison between TVEs and SOEs
in Guangdong 129
7.9 A comparison between peasant entrepreneurs and
managers in SOEs 131
9.1 Laws and regulations affecting HRM in the
United States 172
viii
Preface
Since the economic reform of China in 1979, Guangdong, a southern
province of China, has grown at an average annual rate of 14 per cent
per year, far exceeding that of the Four Little Asian Dragons, namely
Hong Kong, Singapore, South Korea and Taiwan. Twenty years of
hypergrowth has transformed Guangdong from an obscure underdevel-
oped agricultural region into a modern export-oriented industrial
economy with dramatic impacts on the Asia Pacific region and the
world. While we are entering the new millennium, it is time to assess
the problems and prospects of the Guangdong economy.
We choose Guangdong for our study because Guangdong Province is
the forerunner of China’s economic reform and economic powerhouse.
Guangdong has developed incredibly rapidly in the last twenty years
since adopting the policy of economic opening to the outside world,
and will continue to do so. Some of its outstanding records are as
follows:
1 Guangdong is the fastest growing province in China since economic
reform began in China in 1979. In 2000, Guangdong had a gross
domestic product (GDP) which surpassed US$115 billion, the highest
of any province in China, and which represents 10 per cent of
China’s national GDP.
2 The average income per capita is the highest among all provinces in
China. The average urban annual income per capita of Guangdong
was US$1,191 in 2000.
3 Guangdong leads the nation in foreign trade. In 2000, the province’s
total exports and imports were valued at US$91.9 billion and
US$78.2 billion. Roughly 40 per cent of China’s trade passes through
Guangdong. Hong Kong is Guangdong’s number one export market
(35 per cent of total exports), and the United States ranks second,
receiving 25 per cent of Guangdong’s exports.
4 Guangdong, with utilized foreign direct investment of US$12.2
billion in 2000, leads China in utilizing foreign investment, receiving
about 30 per cent of foreign direct investment in China.
5 Guangdong’s economy is quite international. Guangdong leads China
in carrying out the open-door policy and is therefore regarded as
China’s frontier to the outside world.
ix