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China's Unfinished State-owned Enterprise Reforms

Author

Listed:
  • Dong Zhang

    (Treasury, Government of Australia)

  • Owen Freestone

    (Treasury, Government of Australia)

Abstract

This article discusses China’s incremental approach to SOE reform, the difficulties of continuing this approach as the need to make efficiency gains across all sectors of the economy becomes more acute, and future reform options and the challenges in carrying them out.

Suggested Citation

  • Dong Zhang & Owen Freestone, 2013. "China's Unfinished State-owned Enterprise Reforms," Economic Roundup, The Treasury, Australian Government, issue 2, pages 79-102, December.
    • Handle: RePEc:tsy:journl:journl_tsy_er_2013_2_5
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    References listed on IDEAS

    as
    1. Ito, Takatoshi & Krueger, Anne O. (ed.), 2004. "Governance, Regulation, and Privatization in the Asia-Pacific Region," National Bureau of Economic Research Books, University of Chicago Press, edition 1, number 9780226386799, December.
    2. J. Kornai & E. Maskin & G. Roland, 2004. "Understanding the Soft Budget Constraint," Voprosy Ekonomiki, NP Voprosy Ekonomiki, issue 11.
    3. Lin, Justin Yifu & Li, Zhiyun, 2008. "Policy burden, privatization and soft budget constraint," Journal of Comparative Economics, Elsevier, vol. 36(1), pages 90-102, March.
    4. Takatoshi Ito & Anne O. Krueger, 2004. "Governance, Regulation, and Privatization in the Asia-Pacific Region," NBER Books, National Bureau of Economic Research, Inc, number ito_04-1, July.
    5. Yiping Huang & Bijun Wang, 2010. "Cost Distortions and Structural Imbalances in China," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 18(4), pages 1-17, July.
    6. Yiping Huang & Bijun Wang, 2010. "Cost Distortions and Structural Imbalances in China," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 18(s1), pages 1-17.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. repec:bla:glopol:v:8:y:2017:i::p:42-53 is not listed on IDEAS
    2. Yongqiang Gao & Haibin Yang & Taïeb Hafsi, 2019. "Corporate giving and corporate financial performance: the S-curve relationship," Asia Pacific Journal of Management, Springer, vol. 36(3), pages 687-713, September.
    3. Wei Li & Jianxun Chen & Hans Hendrischke, 2017. "An Institutional Perspective on Individual Work Well-Being: Evidence from China," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 132(1), pages 187-218, May.
    4. Dilesha Nawadali Rathnayake & Diby Francois Kassi & Pierre Axel Louemb & Gang Sun & Ding Ning, 2019. "Does Corporate Ownership matter for Firm Performance? Evidence from Chinese Stock Exchanges," International Journal of Economics and Financial Issues, Econjournals, vol. 9(1), pages 96-107.
    5. Liu, Xiaojie & Shen, Jim Huangnan & Deng, Kent, 2022. "Endowment Structure, property rights and reforms of large state-owned enterprises (SOEs) in China: Past, present and future," Structural Change and Economic Dynamics, Elsevier, vol. 62(C), pages 675-692.
    6. Helmut K. Anheier & Robert Falkner & Alanna Krolikowski, 2017. "Brittle China? Economic and Political Fragility with Global Implications," Global Policy, London School of Economics and Political Science, vol. 8(s4), pages 42-53, June.
    7. János Kornai, 2014. "The soft budget constraint," Acta Oeconomica, Akadémiai Kiadó, Hungary, vol. 64(supplemen), pages 25-79, November.
    8. Maria Csanádi & Ferenc Gyuris & Wanjun Wang, 2020. "Opening up the black box: Interacting subspheres through enterprise entry and exit in China," CERS-IE WORKING PAPERS 2037, Institute of Economics, Centre for Economic and Regional Studies.
    9. Yongqiang Gao & Haibin Yang, 2021. "Does Ownership Matter? Firm Ownership and Corporate Illegality in China," Journal of Business Ethics, Springer, vol. 168(2), pages 431-445, January.
    10. Wei, Ziyi & Nguyen, Quyen T.K., 2017. "Subsidiary strategy of emerging market multinationals: A home country institutional perspective," International Business Review, Elsevier, vol. 26(5), pages 1009-1021.

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    More about this item

    Keywords

    Government owned; privatisation; Third Plenum; vested interest; preferential policies; distortion; corporate governance; competition; public listing;
    All these keywords.

    JEL classification:

    • L32 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Public Enterprises; Public-Private Enterprises
    • L33 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Comparison of Public and Private Enterprise and Nonprofit Institutions; Privatization; Contracting Out
    • L50 - Industrial Organization - - Regulation and Industrial Policy - - - General
    • N85 - Economic History - - Micro-Business History - - - Asia including Middle East
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • P20 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - General
    • P21 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Planning, Coordination, and Reform
    • P26 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Property Rights
    • P30 - Political Economy and Comparative Economic Systems - - Socialist Institutions and Their Transitions - - - General
    • P31 - Political Economy and Comparative Economic Systems - - Socialist Institutions and Their Transitions - - - Socialist Enterprises and Their Transitions
    • P35 - Political Economy and Comparative Economic Systems - - Socialist Institutions and Their Transitions - - - Public Finance
    • P52 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems - - - Comparative Studies of Particular Economies

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