This Case is about GOVERNMENT
PUBLICATION DATE: November 15, 2012 PRODUCT #: BH501-PDF-ENG
Ineffective state-owned enterprises in China were forced to restructure to stay competitive, which resulted in astonishing economic growth. While successful, China did not initially have some laws that are native to regulate businesses or control this increase, so Chinese lawmakers needed to transplant corporate laws from developed Western nations. But this transplantation procedure did not happen without difficulties, and specific national aspects needed to be supplemented in corporate legislation to correspond with ethnic worth and Chinese socialistic goals. This informative article examines the essential aspects of Chinese corporate governance and regulations concerning investors’ rights and, in the method, emphasizes provisions which are qualified as distinctively Chinese, finally raising more questions than answers for investor.