Sunday, July 03, 2005

State Asset Supervision and Administration Commission (SASAC) Rising

[Barry Naughton is an economist who specializes in China's transitional economy. He has written on economic policy-making in China, and issues relating to industry, foreign trade, macroeconomics and regional development in China. Naughton teaches at the Graduate School of International Relations and Pacific Studies of the University of California at San Diego. In 1998, he was named the first So Kuanlok Professor of Chinese and International Affairs, and he currently (2001–2002) serves as Associate Dean. His study of Chinese economic reform, Growing Out of the Plan: Chinese Economic Reform, 1978–1993 (New York: Cambridge University Press, 1995) won the Masayoshi Ohira Memorial Prize. His research on economic interactions among China, Taiwan and Hong Kong, focusing on the electronics industry, led to the edited volume The China Circle: Economics and Technology in the PRC, Taiwan and Hong Kong (Brooking Institution, 1997).]

During April and May 2005, new policies were put in place to address some of the most contentious, long-running economic issues in China. Although the initial policy moves were modest, the way they played out illuminates the process of policymaking in China today, in particular the large and growing role of the State Asset Supervision and Administration Commission (SASAC). On balance, these changes have brought the SASAC to a substantially more important and powerful position in the Chinese economy.

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