【Abstract】 Based on a review of the existing theories and the result of our preliminary research, this paper provides an analytical framework, composed of four dimensions including decentralization of public finance, property right reform, marketization, and social structure, for the analysis of the role of local government in market transformation. The paper also argues that more attention should be paid to the impacts of the privatization of state owned enterprises after mid 1990s on the local governmental behaviors.更多还原