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Grasping The Large, Letting Go Of The Small
The "grasping the large and letting the small go" policy () was part of a wave of industrial reforms implemented by the central government of the People's Republic of China in 1996. These reforms included efforts to corporatize state-owned enterprises (SOEs) and to downsize the state sector. The slogan and strategy were popularized by President Jiang Zemin and Premier Zhu Rongji in 1997. The "grasping the large and letting the small go" policy was adopted in September 1997 at the 15th Communist Party Congress. The "grasping the large" component indicated that policy-makers should focus on maintaining state control over the largest state-owned enterprises (which tended to be controlled by the central government). "Letting the small go" meant that the central government should relinquish control over smaller state-owned enterprises. Relinquishing control over these enterprises took a variety of forms: giving local governments authority to restructure the firms, privatizing t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reform
Reform ( lat, reformo) means the improvement or amendment of what is wrong, corrupt, unsatisfactory, etc. The use of the word in this way emerges in the late 18th century and is believed to originate from Christopher Wyvill's Association movement which identified “Parliamentary Reform” as its primary aim.Reform in English Public Life: the fortunes of a word. Joanna Innes 2003 Reform is generally regarded as antithetical to revolution. Developing countries may carry out a wide range of reforms to improve their living standards, often with support from international financial institutions and aid agencies. This can include reforms to macroeconomic policy, the civil service, and public financial management. In the United States, rotation in office or term limits would, by contrast, be more revolutionary, in altering basic political connections between incumbents and constituents. Re-form When used to describe something which is ''physically'' formed again, such as re-casting ( ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Policy-maker
Policy is a deliberate system of guidelines to guide decisions and achieve rational outcomes. A policy is a statement of intent and is implemented as a procedure or protocol. Policies are generally adopted by a governance body within an organization. Policies can assist in both ''subjective'' and ''objective'' decision making. Policies used in subjective decision-making usually assist senior management with decisions that must be based on the relative merits of a number of factors, and as a result, are often hard to test objectively, e.g. work–life balance policy... Moreover, Governments and other institutions have policies in the form of laws, regulations, procedures, administrative actions, incentives and voluntary practices. Frequently, resource allocations mirror policy decisions. Policy is a blueprint of the organizational activities which are repetitive/routine in nature. In contrast, policies to assist in objective decision-making are usually operational in nature a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Guo Jin Min Tui
''Guo jin min tui'' (国进民退) is an alleged phenomenon in the Chinese economy, meaning "the state enterprises advance, the private sectors retreat". Despite being less profitable - the average return on equity is 4% - state-owned enterprises have easier access to funding than purely private enterprises. The government has encouraged state-owned enterprises to consolidate, favoured them in regulation, and awarded them contracts and subsidies; this crowds out other competitors, both domestic and foreign, undermining the economy. This contrasts with an earlier phase of economic liberalisation in China, where the private sector was seen as flourishing and generating growth; in the late 1990s, Zhu Rongji Zhu Rongji (; IPA: ; born 23 October 1928) is a retired Chinese politician who served as Premier of the People's Republic of China from 1998 to 2003 and CCP Politburo Standing Committee member from 1992 to 2002 along with the Chinese Communist ... weeded out some of the wea ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
SASAC
The State-owned Assets Supervision and Administration Commission of the State Council (SASAC) is a special commission of the People's Republic of China, directly under the State Council. It was founded in 2003 through the consolidation of various other industry-specific ministries. SASAC is responsible for managing state-owned enterprises (SOEs), including appointing top executives and approving any mergers or sales of stock or assets, as well as drafting laws related to SOEs. , its companies had a combined assets of CN¥194 trillion ( US$30 trillion), revenue of more than CN¥30 trillion (US$4.6 trillion), and an estimated stock value of CN¥65 trillion (US$10.06 trillion), making it the one of the largest economic entities in the world. Central SOEs SASAC currently oversees 97 centrally owned companies. Companies directly supervised by SASAC are continuously reduced through mergers according to the state-owned enterprise restructuring plan with the number of SASAC compani ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of China
The People's Republic of China has an upper middle income developing mixed socialist market economy that incorporates economic planning through industrial policies and strategic five-year plans. —Xu, Chenggang. "The Fundamental Institutions of China’s Reforms and Development." Journal of Economic Literature, vol. 49, no. 4, American Economic Association, 2011, pp. 1076–151, . —Nee, Victor, and Sonja Opper. "Political Capital in a Market Economy." Social Forces, vol. 88, no. 5, Oxford University Press, 2010, pp. 2105–32, . —Shue Tuck Wong & Sun Sheng Han (1998) Whither China's Market Economy? The Case of Lijin Zhen, Geographical Review, 88:1, 29-46, —Gregory C. Chow (2005) The Role of Planning in China's Market Economy, Journal of Chinese Economic and Business Studies, 3:3, 193-203, —HUA, HUANG. "The Market Economy in China." Security Dialogue, vol. 24, no. 2, Sage Publications, Ltd., 1993, pp. 175–79, . —Chow, Gregory C. "Development of a More Market-Orien ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
MIT Press
The MIT Press is a university press affiliated with the Massachusetts Institute of Technology (MIT) in Cambridge, Massachusetts (United States). It was established in 1962. History The MIT Press traces its origins back to 1926 when MIT published under its own name a lecture series entitled ''Problems of Atomic Dynamics'' given by the visiting German physicist and later Nobel Prize winner, Max Born. Six years later, MIT's publishing operations were first formally instituted by the creation of an imprint called Technology Press in 1932. This imprint was founded by James R. Killian, Jr., at the time editor of MIT's alumni magazine and later to become MIT president. Technology Press published eight titles independently, then in 1937 entered into an arrangement with John Wiley & Sons in which Wiley took over marketing and editorial responsibilities. In 1962 the association with Wiley came to an end after a further 125 titles had been published. The press acquired its modern nam ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Privatizing
Privatization (also privatisation in British English) can mean several different things, most commonly referring to moving something from the public sector into the private sector. It is also sometimes used as a synonym for deregulation when a heavily regulated private company or industry becomes less regulated. Government functions and services may also be privatised (which may also be known as "franchising" or "out-sourcing"); in this case, private entities are tasked with the implementation of government programs or performance of government services that had previously been the purview of state-run agencies. Some examples include revenue collection, law enforcement, water supply, and prison management. Another definition is that privatization is the sale of a state-owned enterprise or municipally owned corporation to private investors; in this case shares may be traded in the public market for the first time, or for the first time since an enterprise's previous nationali ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Local Government
Local government is a generic term for the lowest tiers of public administration within a particular sovereign state. This particular usage of the word government refers specifically to a level of administration that is both geographically-localised and has limited powers. While in some countries, "government" is normally reserved purely for a national administration (government) (which may be known as a central government or federal government), the term local government is always used specifically in contrast to national government – as well as, in many cases, the activities of sub-national, first-level administrative divisions (which are generally known by names such as cantons, provinces, states, oblasts, or regions). Local governments generally act only within powers specifically delegated to them by law and/or directives of a higher level of government. In federal states, local government generally comprises a third or fourth tier of government, whereas in unitary st ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Congress Of The Communist Party Of China
The National Congress of the Chinese Communist Party (; literally: Chinese Communist Party National Representatives Congress) is a party congress that is held every five years. The National Congress is theoretically the highest body within the Chinese Communist Party (CCP). Since 1987 the National Congress has been held in the months of October or November. The venue for the event, beginning in 1956, is the Great Hall of the People in Beijing. The Congress is the public venue for top-level leadership changes in the CCP and the formal event for changes to the Party's Constitution. In the past two decades the National Congress of the CCP has been pivotal at least as a symbolic part of leadership changes, and therefore has gained international media attention. The Congress formally approves the membership of the Central Committee, a body composed of the top decision-makers in the party, state, and society. In practice, however, only slightly more candidates than open seats are ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central Government Of The People's Republic Of China
The Government of the People's Republic of China () is an authoritarian political system in the People's Republic of China under the exclusive political leadership of the Chinese Communist Party (CCP). It consists of legislative, executive, military, supervisory, judicial, and procuratorial branches. The constitutional head of government is premier, while the ''de facto'' top leader of government is General Secretary of the Communist Party. The National People's Congress (NPC) is the highest state organ, with control over the constitution and basic laws, as well as over the election and supervision of officials of other government organs. The congress meets annually for about two weeks in March to review and approve major new policy directions, laws, the budget, and major personnel changes. The NPC's Standing Committee (NPCSC) is the permanent legislative organ that adopts most national legislation, interprets the constitution and laws, and conducts constitutional reviews. The P ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Yale University Press
Yale University Press is the university press of Yale University. It was founded in 1908 by George Parmly Day, and became an official department of Yale University in 1961, but it remains financially and operationally autonomous. , Yale University Press publishes approximately 300 new hardcover and 150 new paperback books annually and has a backlist of about 5,000 books in print. Its books have won five National Book Awards, two National Book Critics Circle Awards and eight Pulitzer Prize The Pulitzer Prize () is an award for achievements in newspaper, magazine, online journalism, literature, and musical composition within the United States. It was established in 1917 by provisions in the will of Joseph Pulitzer, who had made h ...s. The press maintains offices in New Haven, Connecticut and London, England. Yale is the only American university press with a full-scale publishing operation in Europe. It was a co-founder of the distributor TriLiteral LLC with MIT Press ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Zhu Rongji
Zhu Rongji (; IPA: ; born 23 October 1928) is a retired Chinese politician who served as Premier of the People's Republic of China from 1998 to 2003 and CCP Politburo Standing Committee member from 1992 to 2002 along with the Chinese Communist Party's general secretary Jiang Zemin. In his capacity as First Vice-Premier and Premier, Zhu was regarded as the leading figure behind China's economic policy in the 1990s and early 2000s. He also served as Mayor of Shanghai from 1988 to 1991 and Communist Party secretary of Shanghai from 1989 to 1991. He served alongside CCP leader Jiang Zemin and had a testy relationship with Jiang. Zhu had a reputation as a tough but pragmatic administrator. During his office, China's economy saw double digit growth. Zhu was also much more popular than his predecessor Li Peng among the Chinese public. However, Zhu's opponents stipulate that his tough and pragmatic stance on policy was unrealistic and unnecessary, and many of his promises were left u ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
