| Summary: | 碩士 === 國立政治大學 === 東亞研究所 === 91 === In Shandong and most other parts of China, rural industrial growth was led by enterprises that were collectively owned by townships and villages (TVEs).However, during the late 1980s and the early 1990s, increased competition from private and state-owned enterprises, management problems, and the cyclical nature of the Chinese macro-economy significantly reduced the profitability of TVEs. As the problems facing TVEs multiplied, some local governments began to realize that property rights reform might be necessary and desirable if TVEs are to continue to be a strong engine of rural growth. When the central government adopted its “Zhua-da-fang-xiao” policy in 1996, the political space for experimentation in property rights reform expanded significantly, and China’s TVEs began to undergo significant organizational and ownership changes. By the end of 2001, about 90 percent of TVEs in Shandong had undergone property rights reform. The purpose of this and its companion volumes is to describe and to analyze the process of property rights reform among township-village enterprise in Shandong and to study the consequences of the reform.
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