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Essay's paper info
Topic: Business
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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General points of the essay

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