New Interpretations on the Development of China’s Non-Governmental Enterprises

352 Pages·2017·4.248 MB·English

by  Yingqiu Liu (eds.)

Research Series on the Chinese Dream
and China’s Development Path
Yingqiu Liu Editor
New Interpretations
on the Development
of China’s
Non-Governmental
Enterprises
Research Series on the Chinese Dream
’
and China s Development Path
ProjectDirector
XieShouguang,President,SocialSciencesAcademicPress
SeriesEditors
LiYang,Vicepresident,ChineseAcademyofSocialSciences,Beijing,China
LiPeilin,Vicepresident,ChineseAcademyofSocialSciences,Beijing,China
AcademicAdvisors
CaiFang,GaoPeiyong,LiLin,LiQiang,MaHuaide,PanJiahua,PeiChanghong,
QiYe,WangLei,WangMing,ZhangYuyan,ZhengYongnian,ZhouHong
Drawingonalargebodyofempiricalstudiesdoneoverthelasttwodecades, this
Series provides its readers with in-depth analyses of the past and present and
forecasts for the future course of China’s development. It contains the latest
research results made by members of the Chinese Academy of Social Sciences.
Thisseriesisaninvaluablecompaniontoeveryresearcherwhoistryingtogaina
deeper understanding of the development model, path and experience unique to
China. Thanks to the adoption of Socialism with Chinese characteristics, and
the implementation of comprehensive reform and opening-up, China has made
tremendousachievementsinareassuchaspoliticalreform,economicdevelopment,
and social construction, and is making great strides towards the realization of the
Chinesedreamofnationalrejuvenation.Inadditiontopresentingadetailedaccount
of many of these achievements, the authors also discuss what lessons other
countriescanlearnfromChina’sexperience.
Moreinformationaboutthisseriesathttp://www.springer.com/series/13571
Yingqiu Liu
Editor
New Interpretations
on the Development
’
of China s
Non-Governmental
Enterprises
Editor
YingqiuLiu
CenterforPrivateEconomicStudies
ChineseAcademyofSocialSciences
Beijing,China
Translated byCHEN Fuyu,CAO Shunfa;
Sponsored bytheChineseFundFor theHumanities and Social Sciences
ISSN2363-6866 ISSN2363-6874 (electronic)
ResearchSeriesontheChineseDreamandChina’sDevelopmentPath
ISBN978-981-10-3870-9 ISBN978-981-10-3872-3 (eBook)
DOI10.1007/978-981-10-3872-3
LibraryofCongressControlNumber:2017940485
©SocialSciencesAcademicPressandSpringerNatureSingaporePteLtd.2017
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(cid:129) KeyResearchProjectofChineseAcademyofSocialSciences,2009
(cid:129) ProgramofNationalSocialScienceFundofChina,2009
v
Authors
(Inorderoftaskundertaken)
LiuYingqiu,ZhangJun,LiuXiahui,LiMengjuan,JuJinwen,Lu€ Fengyong,
XueBai,XuHaoqing,ZhaoLei,LiuJianxiong,ZhuXiongbing,WuYanbing,
Wang Hongling, Gu Qiang, Dong Ruiqing, Zhao Sanying, Zhang Liang,
XiaXianliang
vii
Abstract
Followingtheshadowoftheinternationalfinancialcrisisanditsindelibleimpacton
China’snon-governmentalenterprises(NGEs),thisbookinvestigatesandanalyzes
theproblemsinandchallengestoNGEs’developmentinthenewstageofChina’s
economicandsocialdevelopment,followingitsentryintotheWTO.Itelaborates
on and demonstrates the necessity, urgency, and inevitability of China’s NGEs to
vigorouslypromotetheirorganizational,technological,andmanagerialinnovation
atthepresentstage,andsuggestssomestrategicoptionsforfurtherdevelopment.
This book consists of twelve chapters. Chapter 1 reveals and analyzes the new
challenges, choices, and countermeasures available for the new development of
China’s NGEs. Based on the effect principles, Chap. 2 describes the dynamic
process of NGEs’ development and, using human resource management models,
illustratesthepositiveroletheyplayinChina’seconomicgrowth.Chapter3reveals
thatChina’sNGEsarestillconcentratedinlow-endindustriesandfields,andpoints
outthat,intheprocessofindustrialtransformationandupgrading,NGEsshouldnot
blindly discard traditional industries, but should instead focus on integrated inno-
vation and innovative development in order to push forward the integration of
industrialchainsandregionalindustrialtransfer.Throughanempiricalanalysisof
thebarrierstoNGEs’entryintomonopolizedindustries,Chap.4explorestheorigin
of monopoly barriers and proposes feasible measures for better and more rapid
developmentofChina’snationaleconomy.Chapter5isanin-depthanalysisofthe
governance structure and mechanisms of China’s NGEs as well as the problems
therein.Chapter6teasesoutthenewcharacteristicsandtrendsofNGEs’expansion
and improvements to their efficiency, analyzes the relationship between scale,
efficiency, and growth, and lays out several reasonable paths for NGEs’ growth
and development. Chapter 7 focuses on the labor-capital distributive relationship
anditsdevelopmentwithinChina’sNGEsandtestsitempiricallybyusingtheC-D
production function. Chapter 8 studies the arrival of the Lewis Turning Point, the
disappearing advantage of cheap labor, and new changes in labor supply and
demandasChinaentersanewstageofeconomictransformation,whileempirically
concluding that only by increasing their competitiveness can NGEs obtain
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x Abstract
sustainableandsounddevelopment.Chapter9startswiththestatusandefficiency
of NGEs’ technological innovation and illuminates the paths to and realization of
potentialtechnologicalinnovations.AgainstthebackgroundofSMEs’(small-and
medium-sizedenterprises’)financingdifficulties,Chap.10exploresandexpounds
upon the special significance ofdeveloping micro finance institutions with aneye
towardsthelong-term,sustainable,andhealthydevelopmentofChina’seconomy.
BasedonNGEs’developmentinhigh-techindustries,Chap.11revealsthedriving
role high-tech industries play in the development of China’s NGEs by using the
CoordinationDegreeModelandaquantitativeanalysisofridgeregression.Finally,
Chap. 12, while stressing the fact that China’s NGEs are entering a new stage of
transnationaldevelopment,centersaroundtheinternationalizationoftheRMBand
focuses on the new environments, problems, and challenges facing NGEs’ trans-
national operation from the perspective of global economic adjustment and
rebalancinginthepost-crisisera.
Series Preface
SinceChina’sreformandopeningbeganin1978,thecountryhascomealongway
on the path of socialism with Chinese characteristics, under the leadership of the
CommunistPartyofChina.Over30yearsofreformeffortsandsustainedspectac-
ulareconomicgrowthhaveturnedChinaintotheworld’ssecondlargesteconomy,
and wrought many profound changes in the Chinese society. These historically
significant developments have been garnering increasing attention from scholars,
governments,andthegeneralpublicalikearoundtheworldsincethe1990s,when
thenewestwaveofChinastudiesbegantogathersteam.Someofthehottesttopics
haveincludedtheso-calledChina miracle,Chinese phenomenon,Chineseexperi-
ence, Chinese path, and the Chinese model. Homegrown researchers have soon
followed suit. Already hugely productive, this vibrant field is putting out a large
number of books each year, with Social Sciences Academic Press alone having
publishedhundredsoftitlesonawiderangeofsubjects.
Because most of these books have been written and published in Chinese,
however, readership has been limited outside China—even among many who
study China—for whom English is still the lingua franca. This language barrier
hasbeenanimpedimenttoeffortsbyacademia,businesscommunities,andpolicy-
makersinothercountriestoformathoroughunderstandingofcontemporaryChina,
ofwhatisdistinctaboutChina’spastandpresentmaymeannotonlyforherfuture
butalsoforthefutureoftheworld.Theneedtoremovesuchanimpedimentisboth
real and urgent, and the Research Series on the Chinese Dream and China’s
DevelopmentPathismyanswertothecall.
This series features some of the most notable achievements from the last
20yearsbyscholarsinChinainavarietyofresearchtopicsrelatedtoreformand
opening. They include both theoretical explorations and empirical studies, and
covereconomy,society,politics,law,culture,andecology,thesixareasinwhich
reform and opening policies have had the deepest impact and farthest-reaching
consequences for the country. Authors for the series have also tried to articulate
their visions of the “Chinese dream” and how the country can realize it in these
fieldsandbeyond.
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