March 7, 1997
New Chinese Leadership Supports at Least Limited Employee Ownership
China's new leader, Jiang Zhemin, has said that employee ownership is an approach that should be considered for smaller enterprises. In China, that can include companies with thousands of employees. There are already a number of local governments selling off enterprises to employees. Jiang's declaration presumably would support this effort. Employee ownership for the larger central government-owned enterprises, however, remains a controversial topic.