Exploring the Persistence of State Corporate Ownership in China

Ken Imai

Chapter 9 in Resurgent China, 2009, pp 237-257 from Palgrave Macmillan

Abstract: Abstract After more than a quarter of a century of the transition process beginning in the late 1970s, China is now probably one of the most competitive market economies in the world. In many industries in the country, you can witness an overwhelming number of firms engaging in throat-cutting types of competition. Growth in demand invites building-up of new capacities and almost endless new entries, which often lead profitability down to extreme lows. While the government occasionally tries in vain to control new investment in or entries into those sectors, this “excessive” competition as is often alleged, eventually turns out to be the very driving force of the industrial development.

Keywords: Corporate Governance; Central Government; Corporate Ownership; Shanghai Stock Exchange; Entrepreneurial Type (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-23425-3_9

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DOI: 10.1057/9780230234253_9

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