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Downsizing Administrative Licensing System and Private Sector Development in the People's Republic of China: A Preliminary Assessment

dc.contributor.authorBill K.P. Chou
dc.description.abstractIdeological suspicion against private sector development has been gradually dissipating in the People’s Republic of China (PRC). Ideological change has resulted in the Chinese Communist Party (CCP)’s revision of its constitution to allow private entrepreneurs to qualify for Party membership and amendment of the state constitution to enshrine the private economy as an important pillar of national economy. Creating jobs for first-time job seekers and laid-off workers through developing the private sector is placed high on the CCP’s agenda. Private enterprises are now permitted to enter many sectors once monopolized by state enterprises and to create new market sectors. Both foreign-invested and domestic companies face less restrictions on acquiring state assets. Further private sector development requires a reform of the regulatory regime to make it more business friendly and encourage investors to invest. Reforms of the regulatory regime include two parts: to downsize licensing systems and to enhance government’s regulatory capacity in policing markets and coping with various forms of market failure. This paper focuses on the first part of regulatory reforms. The significance of this part lies in its relevance to the improvement of the business environment on the one hand and implementation of PRC’s commitments to the World Trade Organization (WTO) on the other.
dc.publisherAsian Development Bank
dc.rightsCC BY 3.0 IGO
dc.titleDownsizing Administrative Licensing System and Private Sector Development in the People's Republic of China: A Preliminary Assessment
dc.typeWorking Papers
dc.subject.expertProject Evaluation & Review Technique
dc.subject.expertOperations Evaluation
dc.subject.expertWorld Trade
dc.subject.expertTrade Volume
dc.subject.expertTrade Promotion
dc.subject.expertTrade Flows
dc.subject.expertTrade Development
dc.subject.expertPatterns Of Trade
dc.subject.adbResources evaluation
dc.subject.adbInput output analysis
dc.subject.adbImport volume
dc.subject.adbExport volume
dc.subject.adbExport Development
dc.subject.adbEconomic agreements
dc.subject.adbInternational market
dc.subject.adbImport policy
dc.subject.adbExport policy
dc.subject.naturalParticipatory monitoring and evaluation
dc.subject.naturalParticipative management
dc.subject.naturalForeign trade routes
dc.subject.naturalTrade routes
dc.subject.naturalForeign trade and employment
dc.title.seriesADBI Working Paper Series
dc.contributor.imprintAsian Development Bank
oar.adminregionEast Asia Region
oar.countryPeople's Republic of China
oar.authorChou, Bill K.P.

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  • ADBI Working Papers
    The Asian Development Bank Institute (ADBI) Working Paper series is a continuation of the formerly named Discussion Paper series which began in January 2003. The numbering of the papers continued without interruption or change. ADBI was established in 1997 in Tokyo, Japan, to help build capacity, skills, and knowledge related to poverty reduction and other areas that support long-term growth and competitiveness in developing economies in Asia and the Pacific.

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