Advanced Search
MyIDEAS: Login to save this article or follow this journal

An Analysis and Forecast of the Growth of Economies Under Various Types of Ownership Systems in the Year 1997

Contents:

Author Info

  • Li Renliang
Registered author(s):

    Abstract

    Although the proportion that the state-owned economic sector makes up in the national economy has been declining from year to year since the beginning of reform and opening up, it nonetheless remains in a dominant position today. Up to 1995, the largest contribution to the state's annual fiscal revenues has come from the state-owned economic sector, representing 65.8 percent and giving it the dominant position. The state-owned economy holds a position of absolute predominance in certain industrial sectors that are critical to the nation's economy as a whole and to the livelihood of the entire population. For example, the energy-resource industries, the postal-service industry, and the telecommunications industries are almost 100 percent in the hands of the state-owned economy; within the transportation industrial sector, the railroads and the long-distance maritime transportation industry are basically controlled by the state-owned economy; of the total amount of goods transported and handled by the transportation industrial sector as a whole, more than 97 percent is handled by state-owned economies. Although the non—state-owned economy has already come to manage a considerable portion of the value-added communications industry and the non-basic communications industry, state-owned economies remain the primary force in the basic communications service industrial sector. In recent years, banks operating under a shareholding system, credit cooperatives and credit unions, and non—state-owned insurance companies have experienced relatively rapid growth, and have come to occupy a considerable share of the market in these financial industries; and yet, in the financial industrial sector as a whole, the state-owned banks continue to control over 90 percent of the deposit and loan business in banking, and the People's Insurance Corporation [a state-owned economic entity] controls more than 90 percent of all insurance business in the nation. Furthermore, in the stocks and securities industry, the state-owned securities corporations remain dominant. In the manufacturing industrial sector, the state-owned economy continues to make up a very large proportion of all the major industries and trades. In 1995, 78.1 percent of the overall output value of mining industries, 67.5 percent of the output of raw industrial material, and 78.5 percent of the output in the electrical-power, gas, and water-supply industries were all under the state-owned economy. In the processing industries sector, the share of the state-owned economy is relatively less, but even here, if we were to define enterprises in which state ownership controls more than 50 percent of the stocks/shares as part of the state-owned economy, there would be a substantial increase in the state-owned economic sector's share of the output in the processing industries as well.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://mesharpe.metapress.com/link.asp?target=contribution&id=U3H36N867244V453
    Download Restriction: Access to full text is restricted to subscribers.

    As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

    Bibliographic Info

    Article provided by M.E. Sharpe, Inc. in its journal Chinese Economy.

    Volume (Year): 30 (1997)
    Issue (Month): 6 (November)
    Pages: 33-54

    as in new window
    Handle: RePEc:mes:chinec:v:30:y:1997:i:6:p:33-54

    Contact details of provider:
    Web page: http://mesharpe.metapress.com/link.asp?target=journal&id=110901

    Related research

    Keywords:

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:mes:chinec:v:30:y:1997:i:6:p:33-54. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Chris Nguyen).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.