Reconciling Chinaâ€™s official statistics on state ownership and control
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Paul Hubbard: Crawford School of Public Policy
Macroeconomics Working Papers from East Asian Bureau of Economic Research
Chinaâ€™s National Bureau of Statistics releases data for Chinaâ€™s industrial sector, fixed asset investment and real estate investment both according to the enterpriseâ€™s official registration status, and according to whether the controller of the enterprise is the state. For most applications data for â€˜state owned and state-holding companiesâ€™ based on the control concept is appropriate, as this includes coverage of SOEsâ€™ listed- and unlisted-subsidiaries. These data show that less than a third of Chinese industrial output, fixed asset investment, and less than twenty per cent of Chinese real estate investment is carried on by companies that are controlled by the state. A broader definition to cover all state ownership would include enterprises that are not â€˜state controlledâ€™ but nevertheless include state capital or investment from SOEs. This would capture some additional proportion of the limited liability companies, joint-ventures and shareholding corporations that are in mixed ownership.
Keywords: China state owned Enterprises; industrial output; fixed asset investment; real estate investment; Chinese economic statistics (search for similar items in EconPapers)
JEL-codes: C82 E01 H83 L32 (search for similar items in EconPapers)
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