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Essay's paper info
| Topic: |
Business
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| Number of pages / Number of words: |
9 / 2338 |
Essay's paper body
Service sector reforms
- Regulations regarding small-scale service activities abolished or relaxed
- Provision of jobs - response to growing labour force due to growing population and reduced need for labour in rural production
- Led to many new small scale service businesses setting up
- Large service sector still undergoing reform
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Industry and State Owned Enterprises (SOE's)
- Dual price track implemented, competition allowed, Town Village Enterprises established, increased autonomy for SOE's
- Aim of making industry more efficient
- Led to increased productivity in both private and state sector
- SOE's only partially reformed, still embedded in old institutions, inefficient, further reform needed
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