Yasheng Huang is Associate Professor at the Sloan School of Management, Massachusetts Institute of Technology. He formerly taught at the Harvard Business School. Professor Huang is also the author of Inflation and Investment Controls in China (Cambridge, 1996). He is a recipient of the Social Science Research Council - McArthur Foundation Fellowship.

• List of tables and figures; List of abbreviations; Synopsis of the book; Preface; 1. Introduction; 2. An analytical framework; 3. Problems in China's corporate sector; 4. Constraints on nonstate firms and foreign direct investment; 5. State-owned enterprises and insolvency-induced foreign direct investment; 6. Economic fragmentation and foreign direct investment; 7. Conclusion; Bibliography; Index.

'Professor Huang is fast becoming one of the most influential voices in the American academy on the subject of the Chinese economy. This is a book that will have a major impact on scholars and indeed on investors, and maybe even on China itself. It will surely change the way that contemporary Chinese political economy is studied and taught in universities.' William Kirby, Harvard University

Yasheng Huang is Associate Professor at the Sloan School of Management, Massachusetts Institute of Technology. He formerly taught at the Harvard Business School. Professor Huang is also the author of Inflation and Investment Controls in China (Cambridge, 1996). He is a recipient of the Social Science Research Council - McArthur Foundation Fellowship.

• List of tables and figures; List of abbreviations; Synopsis of the book; Preface; 1. Introduction; 2. An analytical framework; 3. Problems in China's corporate sector; 4. Constraints on nonstate firms and foreign direct investment; 5. State-owned enterprises and insolvency-induced foreign direct investment; 6. Economic fragmentation and foreign direct investment; 7. Conclusion; Bibliography; Index.

'Professor Huang is fast becoming one of the most influential voices in the American academy on the subject of the Chinese economy. This is a book that will have a major impact on scholars and indeed on investors, and maybe even on China itself. It will surely change the way that contemporary Chinese political economy is studied and taught in universities.' William Kirby, Harvard University

Yasheng Huang is Associate Professor at the Sloan School of Management, Massachusetts Institute of Technology. He formerly taught at the Harvard Business School. Professor Huang is also the author of Inflation and Investment Controls in China (Cambridge, 1996). He is a recipient of the Social Science Research Council - McArthur Foundation Fellowship.

• List of tables and figures; List of abbreviations; Synopsis of the book; Preface; 1. Introduction; 2. An analytical framework; 3. Problems in China's corporate sector; 4. Constraints on nonstate firms and foreign direct investment; 5. State-owned enterprises and insolvency-induced foreign direct investment; 6. Economic fragmentation and foreign direct investment; 7. Conclusion; Bibliography; Index.

'Professor Huang is fast becoming one of the most influential voices in the American academy on the subject of the Chinese economy. This is a book that will have a major impact on scholars and indeed on investors, and maybe even on China itself. It will surely change the way that contemporary Chinese political economy is studied and taught in universities.' William Kirby, Harvard University