Toward a theory of corporate governance in China's socialist market economy by User:Roadrunner. This article places corporate governance in the People's Republic of China into a global context. The convergence of historical factors resulted in restructuring of corporate and financial systems in China during the 1990's. The worst performing companies and state-owned enterprises have been restructured. With this phase of economic reform complete, the focus has now turned to making Chinese corporations world class global corporations incorporating the most modern management techniques.
