POSSIBLE DEVELOPMENT OF MAINLAND CHINA PRIVATE ENTERPRISES

Compared with Russia and Eastern Europe, mainland China has been able to carry out economic reforms more smoothly. This should be attributed mainly to the significant growth of the non-public sector of the econ omy, including individual households, private enterprises, and foreign -invested enterprises, although efforts to renovate the management mec hanisms of state-owned enterprises (SOEs) should also be given some cr edit. This article will focus on the development of mainland China's p rivate enterprises, which constitute an important part of the economy' s non-public sector. In the post-Deng era, private enterprises are exp ected to have more opportunities to grow because individuals have been allowed to play more of a role in small-scale SOEs so as to alleviate unemployment pressures and maintain social stability.