| International experiences indicate that to launch a privatization program whether at the enterprise level or at the economy level, two kinds of laws are needed: laws that together facilitate an overall legal environment favourable to the private investor, and specific enabling laws that provide authorization and organization for privatization process. This thesis reviews these international experiences and explores their application to China. The conclusion is twofold: first, as both an element and an outcome of the market economy, privatization requires the rule of law supported by a democratic system, and second, all future changes to Chinese law must serve these ends. |
