[PDF] Chinas State Enterprises eBook

Author : Hong Sheng
Publisher : World Scientific
Page : 407 pages
File Size : 31,96 MB
Release : 2013
Category : Business & Economics
ISBN : 9814383848

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The Nature, the Performance, and the Reform of State-owned Enterprises provides a detailed description of state-owned enterprises (SOEs) in China with respect to both efficiency and income distribution. It shows that state ownership in the form of SOEs does not use resources efficiently and has a poor record in income distribution. Moreover, SOEs are found to enjoy unfair advantages in their competition with other firms. To illustrate the point, the book presents data revealing how favored policies, monopolistic powers, and subsidies benefit SOEs. These advantages are worth several trillion yuans a year. It is a sad irony that such wealth of the people is used to beef up the revenues of the SOEs, making their accounts look much better than they should be.This book, with its rich empirical data and information, is an authoritative reference for researchers interested in SOEs. It is also a good read for students of social sciences and the public to learn more about SOEs.

Author : Ran Li
Publisher : Springer
Page : 232 pages
File Size : 33,79 MB
Release : 2018-06-27
Category : Political Science
ISBN : 981130176X

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This book focuses on the nature and significance of China’s state enterprises which have undergone substantial changes since China’s economic liberalization in 1978. It argues that much of the criticism is based on mistaken premises, where even the term ‘state-owned enterprises’ is a misnomer given that the emphasis is much less on ownership than on control. Using numerous case studies, this book highlights the extent to which these enterprises have evolved in response to reforms, and provides an in-depth analysis of their role in China’s outward investment strategy in the “Belt and Road” initiative. This role speaks to their growing influence as China expands her global footprint.

Author : Benjamin L. Liebman
Publisher : Oxford University Press, USA
Page : 481 pages
File Size : 24,78 MB
Release : 2016
Category : Business & Economics
ISBN : 0190250259

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This text examines the domestic and global consequences of Chinese state capitalism, focusing on the impact of state-owned enterprises on regulation and policy, while placing China's variety of state capitalism in comparative perspective.

Author : Shahid Yusuf
Publisher : World Bank Publications
Page : 300 pages
File Size : 10,32 MB
Release : 2006
Category : Business & Economics
ISBN : 0821356259

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Although China's centrally planned economy is a little more than a shadow of its former self, the closely inter-linked reforms of the enterprise and banking sectors are still incomplete. The relative size of the state-owned enterprise sector has been much reduced, however, the sector remains the dominant borrower from the banking system and is responsible for the majority of bank non-performing assets. Thus in the interests of financial stability it is crucial to implement the remaining reform agenda. The accession to the WTO has also made it more urgent for China's most-dynamic state-owned en.

Author : Morris L. BIAN
Publisher : Harvard University Press
Page : 346 pages
File Size : 46,29 MB
Release : 2009-06-30
Category : History
ISBN : 0674020936

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When, how, and why did the state enterprise system of modern China take shape? The conventional argument is that China borrowed its economic system and development strategy wholesale from the Soviet Union in the 1950s. In an important new interpretation, Bian shows instead that the basic institutional arrangement of state-owned enterprise--bureaucratic governance, management and incentive mechanisms, and the provision of social services and welfare--developed in China during the war years 1937-1945.

Author : David Granick
Publisher : University of Chicago Press
Page : 372 pages
File Size : 31,28 MB
Release : 1990-03-22
Category : Business & Economics
ISBN : 9780226305882

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"We are indebted to David Granick for his thoughtful, careful, empirically documented study of the Chinese state industrial enterprise that not only provides a rarely attained comparative analysis but also possesses an explanatory power in suggesting how this system might evolve in the future."—Jeanne L. Wilson, Business Horizons

Author : Katy Ngan Ting Lam
Publisher : Taylor & Francis
Page : 185 pages
File Size : 19,45 MB
Release : 2016-12-08
Category : Social Science
ISBN : 1317265599

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This book investigates the globalization process of Chinese state-owned enterprises (SOEs) in West Africa, primarily in Benin and Ghana, based on ethnographical studies. It challenges the dominant vision of "a powerful China in Africa", and argues that the so-called "Chinese business advantages" – monolithic Chinese state and Chinese low cost advantages, are non-viable for sustaining Chinese business development in the continent. Considering the Chinese SOEs globalization process in a relational approach, this book examines how the triple embeddedness (Chinese, African and managerial) shapes the Chinese SOEs globalization process over time and space, in diverse dimensions and among different entities – the Chinese state, Chinese SOEs, Chinese expatriates, the African government, African business partners, African staff, and the African society. It illustrates that the Chinese central state has "retreated" deliberately from its SOE globalization in Africa. The Chinese SOEs and Chinese expats are the major actors in initiating and inventing globalization strategies, facing limited Chinese state support and the African neopatrimonial governance and social contexts. Besides, the personal trajectories (from expatriation to social promotion) of Chinese SOE expats interweave with the globalization-turn-localization of their SOEs in Africa. Rejecting the linear, static and binary vision of "powerful China in powerless Africa", the present study thus emphasizes power dynamics in Chinese SOEs’ globalization process are organic and pluralistic though in certain extent hierarchical –"second-class". Time and local relations are key elements constituting the real Chinese advantages for Chinese SOEs vis-a-vis their ultimate competitors – not Western companies, but other Chinese companies.

Author : Justin Yifu Lin
Publisher : Chinese University Press
Page : 228 pages
File Size : 11,24 MB
Release : 2001
Category : Business & Economics
ISBN : 9789622019539

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This work is a continuation of the authors' earlier publication, "The China Miracle: Development Strategy and Economic Reform". The authors review the historical evolution of the state-owned enterprises, analyze the current problems, and suggest the direction for future reforms.

Author : Ms. Emilia M Jurzyk
Publisher : International Monetary Fund
Page : 45 pages
File Size : 18,68 MB
Release : 2021-03-12
Category : Business & Economics
ISBN : 1513571923

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We document that publicly listed Chinese state-owned enterprises (SOEs) are less productive and profitable than publicly listed firms in which the state has no ownership stake. In particular, Chinese listed SOEs are more capital intensive and have a lower average product of capital than non-SOEs. These productivity differences increased between 2002 and 2009, and remain sizeable in 2019. Using a heterogeneous firm model of resource misallocation, we find that there are large potential productivity gains from reforms which could equalize the marginal products of listed SOEs and listed non-SOEs.

Author : ALEXANDR. SVETLICINII
Publisher : Routledge
Page : 0 pages
File Size : 48,55 MB
Release : 2022-08
Category :
ISBN : 9780367513252

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This book analyzes the specifics of corporate governance of China's State Owned Enterprises (SOEs) and their assessment under EU merger control, which is reflected in the EU Commission's screening of the notified economic concentrations. Guided by the going global policy and the Belt and Road Initiative, Chinese SOEs have expanded their global presence considerably. Driven by the need to acquire cutting edge technologies and other industrial policy considerations, Chinese SOEs have engaged in a series of corporate acquisitions in Europe. The main objective of this book is to demonstrate the conceptual and regulatory challenges of applying traditional merger assessment tools in cases involving Chinese SOEs due to the specifics in their corporate governance and the regulatory framework under which they operate in China. The book also explores the connection between the challenges experienced by the merger control regimes in the EU and the recent introduction of the EU foreign direct investment screening framework followed by a proposal concerning foreign subsidies. The book will be a useful guide for academics and researchers in the fields of law, international relations, political science, and political economy; legal practitioners dealing with cross-border mergers and acquisitions; national competition authorities and other public bodies carrying out merger control; policy makers, government officials, and diplomats in China and the EU engaged in bilateral economic relations.