Abstract
Since 1987, when the CMRS was introduced, the debate on the new scheme has always been at the centre of enterprise reform in China (Wu, 1989, 1993; Yang, 1990; Liu and Zhu, 1989; Tian, 1988; Liu, 1991). This is because the CMRS tackles the most sensitive problem of distribution of power and interests between the government and the firms; moreover it points to the possibility of the emergence of a free enterprise system in the future.
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© 1995 Derong Chen
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Chen, D. (1995). The CMRS in Practice I —The Formulation of Contracts. In: Chinese Firms between Hierarchy and Market. Studies on the Chinese Economy. Palgrave Macmillan, London. https://doi.org/10.1057/9780230375505_5
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DOI: https://doi.org/10.1057/9780230375505_5
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-39242-1
Online ISBN: 978-0-230-37550-5
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