Privatizing the Chinese Tiehua Industry: A Qualitative Economic Case Study

Tiehua (wrought iron painting) is a folk art originating in Anhui Province, China. The tiehua industry has changed drastically over the last 25 years as China's economy has liberalized: Wuhu Tiehua Factory, a heretofore state monopoly, underwent bankruptcy restructuring in 1992, 2002, and 2013,...

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Bibliographic Details
Published inASIANetwork exchange Vol. 28; no. 2
Main Authors McIntyre, Kevin, Fang, Qin, Roberts, Andrew, Weetman, Carly
Format Journal Article
LanguageEnglish
Published Open Library of Humanities 16.07.2023
Subjects
China
competition
market structure
Privatization
tiehua
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Summary:Tiehua (wrought iron painting) is a folk art originating in Anhui Province, China. The tiehua industry has changed drastically over the last 25 years as China's economy has liberalized: Wuhu Tiehua Factory, a heretofore state monopoly, underwent bankruptcy restructuring in 1992, 2002, and 2013, while several new, smaller and more competitive firms have entered the market. The marketization of tiehua has become a meaningful local and regional issue centering on the ownership structure of the tiehua firms, and has proven to be an excellent case study in basic economic theory.
ISSN:1943-9946
1943-9946
DOI:10.16995/ane.8150