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Reappraising the Performance of China's State-Owned Industrial Enterprises, 1980-96

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  • Lo, Dic
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    Abstract

    This paper seeks to reappraise the performance of China's state-owned industrial enterprises over the period 1980-96. By examining all the available indicators of performance, and by placing that performance in the context of the country's specific path of economic system reform and industrial growth, it argues that the state-owned enterprises (SOEs) have performed much better than is widely perceived in the literature. In particular, the performance of large-scale, state-owned enterprises has been at least comparable to that of the acclaimed collectively-owned enterprises. The latter have been much more market-oriented than SOEs, but their status has been equally unclear from the standpoint of private ownership. The paper thus constitutes a challenge to the big-bang or shock-therapy approach to the transformation of Soviet-type economic systems. Copyright 1999 by Oxford University Press.

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    Bibliographic Info

    Article provided by Oxford University Press in its journal Cambridge Journal of Economics.

    Volume (Year): 23 (1999)
    Issue (Month): 6 (November)
    Pages: 693-718

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    Handle: RePEc:oup:cambje:v:23:y:1999:i:6:p:693-718

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    Cited by:
    1. Alberto GABRIELE, 2001. "Science And Technology Policies, Industrial Reform And Technical Progress In China. Can Socialist Property Rights Be Compatible With Technological Catching Up?," UNCTAD Discussion Papers 155, United Nations Conference on Trade and Development.
    2. Huang, Xianfeng & Li, Ping & Lotspeich, Richard, 2010. "Economic growth and multi-tasking by state-owned enterprises: An analytic framework and empirical study based on Chinese provincial data," Economic Systems, Elsevier, vol. 34(2), pages 160-177, June.
    3. Dic Lo, 2010. "China versus the Washington Consensus: The Anomaly for World Bank Advocacy Research," Working Papers 164, Department of Economics, SOAS, University of London, UK.
    4. Zhang, Le-Yin, 2004. "The Roles of Corporatization and Stock Market Listing in Reforming China's State Industry," World Development, Elsevier, vol. 32(12), pages 2031-2047, December.

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