Abstract
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.
Publisher
Open Library of the Humanities