PROPERTY-RIGHTS IN CHINA ECONOMIC-REFORMS

This paper explores China's experience with property rights reform. In contrast to most countries in East Central Europe and the former Sovi et Union, China has experimented with different ownership forms and th is has been quite successful, Over the last two decades China has had the highest growth rate in the world. The main argument presented here is that private property rights alone cannot provide a theory for Chi na's economic success and that the whole process is too complex to be reduced to canonical explanations. To this end the paper reviews recen t evidence in the three main areas of reform-agriculture, rural indust rialisation and state-owned sector reform. (C) 1998 The Regents of the University of California. Published by Elsevier Science Ltd.