Reform of State-Owned Enterprises and Development of Private Economy

Guoqiang Tian and Xudong Chen ()
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Xudong Chen: Shanghai University of Finance and Economics

Chapter Chapter 25 in China’s Reform: History, Logic, and Future, 2022, pp 341-363 from Springer

Abstract: Abstract In the next step of SOE reform, efforts should be made to accelerate two processes: equity diversification and de-administration. These will help build a real modern corporate governance structure consistent with the intrinsic nature and development law of enterprises; achieve a new balance between the profit goal of enterprises and other goals such as supplying public goods, improving the state capacity, and maximizing social interests; and carry out a classified reform and management of state-owned enterprises with a focus on accelerating the withdrawal of state-owned enterprises from some competitive fields and non-natural administrative monopoly fields, so as to create a market environment of fair competition.

Date: 2022
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DOI: 10.1007/978-981-19-5470-2_25

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