China’s Privatization Binge

Many people understandably are skeptical of China’s privatization efforts, but this tidbit from The China Daily’s business section (August 25, 2010) is worth highlighting:

LI Rangroong, “who has been the minister since SASAC’s [the State-owned Assets Supervison and Administration Commmission] establishment in 2003, has led the restructuring and reform of central state-owned enterprises, the number of which has been cut to 123 to 196.”

That’s a 37.2 percent reduction in just seven years. Further, for context,

“SASAC is a powerful agency that is in charge of 123 State-owned enterpirese, which range from Petro-China, China’s top oil and gas producer, to China Mobile, the world’s biggest mobile carrier.”

LI Rongrong was recently replaced by WANG Yang, China’s chief of government’s quality inspection bureau.

The key point here is the trajectory of change and reform. While the government still controls the “commanding heights” of the economy, policymakers have been aggressively divesting central and provincial governments of many, many businesses. Some are complete divestitures, but many more are sales of large stakes of government shares of wholey owned state enterprises to private equity investors.

(Sorry, I’m in China right now and had trouble tracking down the linke on the web site.)

Samuel R. Staley, Ph.D. is a senior research fellow at Reason Foundation and managing director of the DeVoe L. Moore Center at Florida State University in Tallahassee where he teaches graduate and undergraduate courses in urban planning, regulation, and urban economics. Prior to joining Florida State, Staley was director of urban growth and land-use policy for Reason Foundation where he helped establish its urban policy program in 1997.

Staley is the author of several books, most recently co-authoring Mobility First: A New Vision for Transportation in a Globally Competitive 21st Century (Rowman & Littlefield, 2008). Texas Gov. Rick Perry aid Staley and Moore "get it right" and world bank urban planner Alain Bartaud called it "a must read for urban managers of large cities in the United States and around the world."

He is also co-author, with Ted Balaker, of The Road More Traveled: Why The Congestion Crisis Matters More Than You Think, and What We Can Do About It (Rowman and Littlefield, September, 2006). Author Joel Kotkin said, "The Road More Traveled should be required reading not only for planners and their students, but anyone who loves cities and wants them to thrive as real places, not merely as museums, in the 21st Century." Former U.S. Secretary of Transportation Mary Peters said, "Balaker and Staley clearly debunk the myth that there is nothing we can do about congestion."

Staley's previous book, Smarter Growth: Market-based Strategies for Land-use Planning in the 21st Century (Greenwood Press, 2001), was called the "most thorough challenge yet to regional land-use plans" by Planning magazine.

In addition to these books, he is the author of Drug Policy and the Decline of American Cities (Transaction Publishers, 1992) and Planning Rules and Urban Economic Performance: The Case of Hong Kong (Chinese University Press, 1994).

His more than 100 professional articles, studies, and reports have appeared in publications such as The Wall Street Journal, The New York Times, Washington Post, Los Angeles Times, Investor's Business Daily, Journal of the American Planning Association, Planning magazine, Reason magazine, National Review and many others.

Staley's approach to urban development, transportation and public policy blends more than 20 years of experience as an economic development consultant, academic researcher, urban policy analyst, and community leader.

Staley is a former chair for his local planning board in his hometown of Bellbrook, Ohio. He is also a former member of its Board of Zoning Appeals and Property Review Commission, vice chair of his local park district's open space master plan committee, and chair of its Charter Review Commission.

Staley received his B.A. in Economics and Public Policy from Colby College, M.S. in Social and Applied Economics from Wright State University, and Ph.D. in Public Administration, with concentrations in urban planning and public finance from Ohio State University.