The unfinished business of state-owned enterprise reform in the People's Republic of China

Carsten Holz

No 7688, CESifo Working Paper Series from CESifo

Abstract: This paper examines the progress of state-owned enterprise (SOE) reform in the People’s Republic of China. After defining SOEs and considering their scope of operation within the PRC economy, the focus of the paper is on the major reform waves that followed the deterioration of SOE profitability in the early 1990s. The oil industry serves to illustrate industry-specific SOE reform trends as well as the latest reform developments. Until today, a stable, successful, longterm arrangement of state ownership has remained elusive. SOE reform is incomplete as long as a number of fundamental governance issues are not resolved. But these are difficult to resolve in the context of Party-controlled state-owned enterprises.

Keywords: state-owned enterprise reform; People’s Republic of China; corporate governance; public enterprise management; Chinese Communist Party; state-owned asset management; industrial policy (search for similar items in EconPapers)
JEL-codes: D22 L20 L32 O25 O53 P00 P26 P31 (search for similar items in EconPapers)
Date: 2019
New Economics Papers: this item is included in nep-cna and nep-tra
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Related works:
Working Paper: The Unfinished Business of State-owned Enterprise Reform in the People’s Republic of China (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:ces:ceswps:_7688

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