Using detailed econometric analyses and national representative data, the team of international contributors identify the challenges confronting China's private enterprises and assess their performance and potential.

1. Introduction and Overview Part 1: Financial Reforms and Enterprise Development 2. Some Thoughts on Financial Reform in Rural Areas 3. Is Public Listing a Way Out for Chinese State-owned Enterprises? 4. Financing of Private Enterprises and Deepening Financial Reform 5. Commercial Bank Regulation and Supervision: U.S. Experiences and China Implications Part 2: Private Enterprises, Efficiency, and Economic Growth 6. Private Enterprise Development and the Profitability of China's Regional SOEs 7. A Panel-data Sensitivity Analysis of Regional Growth in China 8. Private, State-owned, and Foreign-invested Enterprises: An Analysis of Investment Sources on Growth in China Part 3: Openness, Legal Protection, and Private Enterprises 9. Trade, FDI, and Productivity of China's Private Enterprises 10. The Demand and Supply of Energy in China: Implications for the Private Sector 11. Legal Protections of Administrative Regulations on Private Enterprises Part 4: Private Enterprises, Employment and Earnings 12. Policy Reforms, Private Enterprise Development and Rural Household Earnings 13. Effects of Privatization on Employment in Transitional China 14. The Effect of Education and Wage Determination in China's Rural Industry 15. Privatization and Rising Earnings Inequality in China's Rural Industries: Evidence from Shandong and Jiangsu