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PRC: Private Sector Assessment

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One of the most significant features of the People's Republic of China's (PRC) transition to a market economy is the rapid development and integral role of the private sector. Although the PRC has adopted a framework that supports the rule of law and promotes economic reforms, the institutional capacity for a modern market economy is not fully in place and many other constraints to private sector development continue to exist.

This report recognizes important government reforms to promote private sector development and is intended to be a basis for dialogue about further reforms that are needed, priorities and steps to be taken, and future Asian Development Bank initiatives in this area.

View the document [ PDF: 3,034kb | 196 pages ]. To read, you need Acrobat.

Contents

Preface, Abbreviations [ PDF: 182kb | 4 pages ]

Executive Summary [ PDF: 175kb | 3 pages ]

1. Macroeconomic Environment [ PDF: 290kb | 8 pages ]

   A. Macroeconomic Overview

   B. Profile of the Private Sector

   C. Small and Medium Enterprises

   D. Foreign Direct Investment

2. Policy, Legal, and Institutional Framework for Private Sector Development [ PDF: 316kb | 19 pages ]

   A. Policy Framework

   B. Rule of Law

   C. Institutional Framework

   D. Nongovernment Organizations

3. Factors Impeding Private Enterprise Development-Business Climate Surveys and Voices of Private Sector Players [ PDF: 386kb | 24 pages ]

   A. General

   B. Business Climate Survey

   C. Impediment (1): Policy Bias.Market Entry and Exit

   D. Impediment (2): Legal Environment

   E. Impediment (3): Financing

   F. Impediment (4): Infrastructure

   G. Impediment (5): Human Resources

   H. Impediment (6): Lack of Management Skills

   I. Impediment (7): Access to Reliable Information and Professional Services

   J. Summary and Implications

4. Sector Assessments [ PDF: 479kb | 40 pages ]

   A. Financial Sector

   B. Infrastructure

   C. Oil, Gas, and Coal

   D. Social Sector

5. Private Sector Development Activities of Other Funding Agencies [ PDF: 369kb | 5 pages ]

6. Assessment of ADB's Private Sector Activities [ PDF: 272kb | 10 pages ]

   A. Private Sector Development, Poverty Reduction, and Governance

   B. ADB’s Support to Private Sector Development

7. Proposed ADB Private Sector Development Strategy [ PDF: 288kb | 12 pages ]

   A. Major Findings and Recommendations

   B. Creating an Enabling Environment

   C. Generating Business Opportunities

   D. Catalyzing Private Investment

   E. Institutional Response to Private Sector Development in the PRC

Appendixes [ PDF: 679kb | 60 pages ]

References [ PDF: 238kb | 5 pages ]