China’s State Enterprises
Changing Role in a Rapidly Transforming Economy
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Beschreibung
Finally, an insightful analysis of China’s different types of state-owned enterprises. Grounded in deep and thoughtful empirical research, China’s State Enterprises also contributes immensely to debate about the value of state intervention in an economy to drive growth. To understand how China is emerging as the world’s largest economy, guided by the strong hand of a highly interventionist state through enterprises it owns and controls, this is a must-read.—Edmund Terence Gomez, Professor of Political Economy, University of Malaya
This study of China’s state owned and controlled enterprises challenges many of the easy assumptions about such enterprises made by high income country economists and business people. Through careful research and rigorous analysis the two authors argue that these enterprises have been transformed into effective vehicles for carrying out the government’s overall development strategy. The study is an important contribution to our understanding of the nature of China’s “socialist market economy”.—Dwight H. Perkins, Professor of Political Economy, Harvard University
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.
-Looks beyond the mainstream economic yardsticks to measure China's state enterprise performance
-Eschews macro-analysis in favor of in-depth firm and sector-level analysis to provide a broader picture of the strategic role of these enterprises
-Provides an in-depth analysis of the upcoming role of China's state enterprises in the “Belt and Road” initiative
Looks beyond the mainstream economic yardsticks to measure China's state enterprise performance Eschews macro-analysis in favor of in-depth firm and sector-level analysis to provide a broader picture of the strategic role of these enterprises Provides an in-depth analysis of the upcoming role of China's state enterprises in the “Belt and Road” initiative
Autor*in
Ran Li
Themen in »China’s State Enterprises«
Chinese state enterprises Ownership vs control of enterprises in China Developmental state in China Chinese property rights One Belt One Road Chinese geopolitical posture China's banking sector China's commercial state enterprises Belt and Road strategy
Stimmen zu »China’s State Enterprises«
“The book is a great resource for those looking for a comprehensive and insightful review of ‘mainstream’ theories that are critical of SOEs, as well as ‘alternative’ theories that offer a more sympathetic treatment. … the book makes an important contribution by illuminating the need to consider both the explicit ownership and control mechanisms exercised by the government in addition to non-ownership related controls.” (Richard W. Carney, Journal of Contemporary Asia, June 18, 2019)
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“Finally, an insightful analysis of China’s different types of state-owned enterprises. Grounded in deep and thoughtful empirical research, China’s State Enterprises also contributes immensely to debate about the value of state intervention in an economy to drive growth. To understand how China is emerging as the world’s largest economy, guided by the strong hand of a highly interventionist state through enterprises it owns and controls, this is a must-read.” (Edmund Terence Gomez, Professor of Political Economy, University of Malaya)
“This study of China’s state owned and controlled enterprises challenges many of the easy assumptions about such enterprises made by high income country economists and business people. Through careful research and rigorous analysis the two authors argue that these enterprises have been transformed into effective vehicles for carrying out the government’s overall development strategy. The study is an important contribution to our understanding of the nature of China’s “socialist market economy”.” (Dwight H. Perkins, Professor of Political Economy, Harvard University)
“Li and Cheong have written a very important and highly readable book. The conventional wisdom about SOEs, like most Western writing on China, sees the latter through a Western prism. The result: it has got China wrong for almost four decades. In contrast, they ground their nuanced argument in Chinese reality rather than Western assumption. They show that the differences between state and private enterprises are blurred and the intrinsic role SOEs have played in China’s transformation.” (Martin Jacques, Author of the global best-seller When China Rules the World: the End of the Western World and the Birth of a New Global Order)
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