Privatization of state-owned enterprises

Author: Wang Wenjie
Publisher:
Publish Date: 2005-01-01
Features: With the development and deepening of the market economy, legal research and concern for the society it resides in have become more closely intertwined. Emerging legal issues and their applications are also showing a diverse trend. It has become the mission of the legal community to strive for more balanced and operational legal research. The Monthly Review of Civil and Commercial Law aims to establish a platform for exchange, providing a vibrant space for the legal community to explore new horizons in legal research. Although focused on civil and commercial law, this series also welcomes broad private law topics.
The formation of public enterprises in both Taiwan and mainland China has its unique backgrounds. However, under the global trend of privatization and the competitive pressures of globalization following WTO membership, where are these public enterprises headed? This issue focuses on "Privatization of Public Enterprises," inviting two scholars from Taiwan—Wang Zhicheng and Zhang Chaodong—to contribute articles. They discuss the policy establishment and implementation of public enterprise privatization in Taiwan, delve into the legal issues during the privatization process, and propose regulatory amendments to enhance the privatization process. Wang Jun from China University of Political Science and Law provides a profound analysis of the key challenges China faces in privatization, emphasizing that the issue lies not in the establishment of relevant legal norms but in the enforcement of these norms by various levels of government and the handling of worker protests.
The privatization of public enterprises is not a new topic, and numerous cases have shown that the issues it addresses go beyond legal formalization. The core of the problem lies in the economic system choices and considerations of a country or region.