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The Fall and Rise of State-Owned Enterprises (I): The Dual-Track Price System

In: An Economic Analysis of the Rise and Decline of Chinese Township and Village Enterprises

Author

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  • Cheng Jin

    (South China University of Technology
    East Asian Institute)

Abstract

Since the time permission was given to establish private corporations in 1985, China’s economy has consisted of three distinct domestic economic entities: state-owned enterprises (SOEs), collectively owned enterprises (COEs) and ‘other enterprises’,1 of which privately owned firms constitute the main body. During the first twenty years of reform (1978–1997), COEs, and later the private sector, encroached on the economic share of SOEs. Until the mid-1990s, these three types of ownership each made up about a third of the Chinese industry (i.e., accounted for about one-third of national industrial output).

Suggested Citation

  • Cheng Jin, 2017. "The Fall and Rise of State-Owned Enterprises (I): The Dual-Track Price System," Palgrave Studies in Economic History, in: An Economic Analysis of the Rise and Decline of Chinese Township and Village Enterprises, chapter 5, pages 113-140, Palgrave Macmillan.
    • Handle: RePEc:pal:palscp:978-3-319-59770-6_5
    DOI: 10.1007/978-3-319-59770-6_5
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