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Report on Marketization Process in China: Analysis of the Status Quo and Forecast for the Future

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  • ZHANG XIAOJING

Abstract

Through an analysis of the marketization process, this article attempts to point out the distance between overall marketization, sectoral marketization, and regional marketization in China at present and the marketization objective. The article also forecasts the marketization process during the next five to ten years using a survey and econometric analysis. According to the article, the paramount obstacles in future marketization are the relationship between the government and the market as well as the legal system construction. It is just in this sense that the crucial task for future reform in China will be to transform the functions of government. In order to truly restrain the acts of government and manage the relationship between the government and the market, what is required is supervision of and safeguarding the system or, in other words, the improvement of the legal system and environment.

Suggested Citation

  • Zhang Xiaojing, 2004. "Report on Marketization Process in China: Analysis of the Status Quo and Forecast for the Future," Chinese Economy, Taylor & Francis Journals, vol. 37(6), pages 68-84, November.
    • Handle: RePEc:mes:chinec:v:37:y:2004:i:6:p:68-84
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