Compares China‘s financial reporting systems before and after the reforms of 1993, which is seen as a dramatic turning point. Analyses the economic factors driving accounting reforms and examines in more detail the influence of the developing capital market and increasing foreign investment. Tabulates the differences between the format, contents and types of financial statements and disclosures and financial ratios, before and after reform. Gives examples of some remaining problems, summarizes the key features of the new system and urges Chinese accountants and policy makers to adjust Western principles and systems to the unique environment of China.
Tang, Q. and Lau, A. (2000), "Accounting reforms in China: a transition from a state plan and control‐oriented system to capital market‐oriented system", Managerial Finance, Vol. 26 No. 5, pp. 80-98. https://doi.org/10.1108/03074350010766693
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