The Petrochemical Industry in China - Government Regulation and Development Policies

In the proceedings of APROS 2000, Asia-Pacific Research in Organisation Studies Annual, 14-16 December 2000, Sidney, Australia.

22 Pages Posted: 24 Aug 2009 Last revised: 8 Sep 2009

See all articles by Emanuela Todeva

Emanuela Todeva

St. Mary's University; Business Clusters, Networks and Economic Development

Lily Lu

affiliation not provided to SSRN

Date Written: August 23, 2001

Abstract

“Crossing the river by touching stones” (- Deng Xiaoping, speaking of the reform policy.) This paper describes the history of the Petrochemical industry in China after the Second World War. Analysis of the political foundations for the regulatory policies that shaped the industry is followed by a detailed review of the role and responsibilities of various government bodies in the decision making process. The paper refers to the three fundamental political decisions in China, related to the political system, the macroeconomic policy, and the crude oil prices. A critical analysis of the price reforms in the 90’s, and the alterations in the corporate structure and the distribution system, leads to conclusions on the effectiveness of regulatory policies at different stages of planned industrial development.

Keywords: petrochemical industry, industrial policy, restructuring

JEL Classification: O21, P21, N55

Suggested Citation

Todeva, Emanuela and Lu, Lily, The Petrochemical Industry in China - Government Regulation and Development Policies (August 23, 2001). In the proceedings of APROS 2000, Asia-Pacific Research in Organisation Studies Annual, 14-16 December 2000, Sidney, Australia.. Available at SSRN: https://ssrn.com/abstract=1460082 or http://dx.doi.org/10.2139/ssrn.1460082

Emanuela Todeva (Contact Author)

St. Mary's University ( email )

Waldegrave Rd
Twickenham, TW1 4SX
United Kingdom

HOME PAGE: http://www.bcned.co.uk/

Business Clusters, Networks and Economic Development ( email )

London
United Kingdom

HOME PAGE: http://www.bcned.co.uk

Lily Lu

affiliation not provided to SSRN ( email )

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