An Analysis Of State Owned Enterprises And State Capitalism In China

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An Analysis of State-Owned Enterprises and State Capitalism in China

Andrew Szamosszegi,Cole Kyle
An Analysis of State Owned Enterprises and State Capitalism in China Book PDF

Author : Andrew Szamosszegi,Cole Kyle
Publisher : Createspace Independent Publishing Platform
Page : 122 pages
File Size : 54,8 Mb
Release : 2011-10-26
Category : Capitalism
ISBN : 1475293259

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An Analysis of State-Owned Enterprises and State Capitalism in China by Andrew Szamosszegi,Cole Kyle Pdf

China's breathtaking economic growth, has often led observers to assume that the country's economic system has been transformed into a capitalist economy dominated by private enterprise. Although China's reliance on private enterprise and market-based incentives has been growing, and the CCP's treatment of private enterprises and entrepreneurs has been changing, it would be a mistake to minimize the current role of the State and the CCP in shaping economic outcomes in China and beyond. The Chinese government and state-owned enterprises (SOEs) remain potent economic forces. Indeed, some of China's SOEs are among the largest firms in China and the world. They are major investors in foreign countries. They have been involved in some of the largest initial public offerings in recent years and remain the controlling owners of many major firms listed on Chinese and foreign stock exchanges.

Regulating the Visible Hand?

Benjamin L. Liebman,Curtis J. Milhaupt
Regulating the Visible Hand Book PDF

Author : Benjamin L. Liebman,Curtis J. Milhaupt
Publisher : Oxford University Press
Page : 384 pages
File Size : 47,8 Mb
Release : 2015-10-19
Category : Law
ISBN : 9780190250270

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Regulating the Visible Hand? by Benjamin L. Liebman,Curtis J. Milhaupt Pdf

The economic and geopolitical implications of China's rise have been the subject of vast commentary. However, the institutional implications of China's transformative development under state capitalism have not been examined extensively and comprehensively. Regulating the Visible Hand? The Institutional Implications of Chinese State Capitalism examines the domestic and global consequences of Chinese state capitalism, focusing on the impact of state-owned enterprises on regulation and policy, while placing China's variety of state capitalism in comparative perspective. It first examines the domestic governance of Chinese state capitalism, looking at institutional design and regulatory policy in areas ranging from the environment and antitrust to corporate law and taxation. It then analyses the global consequences for the regulation of trade, investment and finance. Contributors address such questions as: What are the implications of state capitalism for China's domestic institutional trajectory? What are the global implications of Chinese state capitalism? What can be learned from a comparative analysis of state capitalism?

The State of China’s State Capitalism

Juann H. Hung,Yang Chen
The State of China s State Capitalism Book PDF

Author : Juann H. Hung,Yang Chen
Publisher : Springer
Page : 354 pages
File Size : 46,7 Mb
Release : 2018-11-23
Category : Business & Economics
ISBN : 9789811309830

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The State of China’s State Capitalism by Juann H. Hung,Yang Chen Pdf

This book comprises a collection of well-researched essays on selected contemporary economic and finance issues in China, making a timely contribution to the intellectual intercourse regarding the implications of China’s rise. These essays analyze issues related to the state of China’s ecology, real estate market, inbound and outbound FDI, income inequality, etc., and offer analysis on the policy and institutional causes of those issues. Readers will be able to infer their implications for business opportunities in China and the tradeoff / tension between economic growth and social welfare. Moreover, this book introduces an array of data and data sources useful to scholars and practitioners interested in studying the Chinese model of economic growth. This book will be a valuable resource to journalists and scholars trying to gain insight into China’s extraordinary pace of growth in the past three decades.

State-owned Enterprises and State Captialism in China

William K. Martin
State owned Enterprises and State Captialism in China Book PDF

Author : William K. Martin
Publisher : Unknown
Page : 147 pages
File Size : 40,5 Mb
Release : 2012
Category : Government business enterprises
ISBN : 1619428342

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State-owned Enterprises and State Captialism in China by William K. Martin Pdf

China's breathtaking economic reform, including the rise of private enterprise, has often led observers to assume that the country's economic system has been transformed into a capitalist economy dominated by private enterprise. A number of economic, political and policy trends demonstrate that the Chinese economy has become more market-oriented. Chinese statistics show a dramatic rise in the number of ostensibly private enterprises since the late 1970s. China now has stock exchanges in two cities and hundreds of Chinese firms now have listings in exchanges beyond the mainland. In 1978, capitalists in China were official "class enemies" but in 2001 they were welcomed into the Chinese Communist Party. China's once insular economy now imports more than one trillion dollars annually and is one of the top destinations for foreign investments. This book examines state-owned enterprises (SOEs) in China and the role they play in China's economy, politics and foreign policy.

State-Owned Enterprises and State Capitalism in China

Rick Harris
State Owned Enterprises and State Capitalism in China Book PDF

Author : Rick Harris
Publisher : Nova Science Publishers
Page : 0 pages
File Size : 47,6 Mb
Release : 2012
Category : China
ISBN : 1619428210

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State-Owned Enterprises and State Capitalism in China by Rick Harris Pdf

China's breathtaking economic reform, including the rise of private enterprise, has often led observers to assume that the country's economic system has been transformed into a capitalist economy dominated by private enterprise. A number of economic, political and policy trends demonstrate that the Chinese economy has become more market-oriented. Chinese statistics show a dramatic rise in the number of ostensibly private enterprises since the late 1970s. China now has stock exchanges in two cities and hundreds of Chinese firms now have listings in exchanges beyond the mainland. In 1978, capitalists in China were official class enemies but in 2001 they were welcomed into the Chinese Communist Party. China's once insular economy now imports more than one trillion dollars annually and is one of the top destinations for foreign investments. This book examines state-owned enterprises (SOEs) in China and the role they play in China's economy, politics and foreign policy.

China's State-owned Enterprises

Hong Sheng,Nong Zhao
China s State owned Enterprises Book PDF

Author : Hong Sheng,Nong Zhao
Publisher : World Scientific
Page : 407 pages
File Size : 52,9 Mb
Release : 2013
Category : Business & Economics
ISBN : 9789814383844

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China's State-owned Enterprises by Hong Sheng,Nong Zhao Pdf

The Nature, the Performance, and the Reform of State-owned Enterprises provides a detailed description of state-owned enterprises (SOEs) in China with respect to both efficiency and income distribution. It shows that state ownership in the form of SOEs does not use resources efficiently and has a poor record in income distribution. Moreover, SOEs are found to enjoy unfair advantages in their competition with other firms. To illustrate the point, the book presents data revealing how favored policies, monopolistic powers, and subsidies benefit SOEs. These advantages are worth several trillion yuans a year. It is a sad irony that such wealth of the people is used to beef up the revenues of the SOEs, making their accounts look much better than they should be.This book, with its rich empirical data and information, is an authoritative reference for researchers interested in SOEs. It is also a good read for students of social sciences and the public to learn more about SOEs.

Between Market Economy and State Capitalism

Henry Gao,Weihuan Zhou
Between Market Economy and State Capitalism Book PDF

Author : Henry Gao,Weihuan Zhou
Publisher : Cambridge University Press
Page : 225 pages
File Size : 45,5 Mb
Release : 2022-11-24
Category : Law
ISBN : 9781108904872

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Between Market Economy and State Capitalism by Henry Gao,Weihuan Zhou Pdf

One major issue facing the world trading system today is how to deal with the challenge of China's state capitalism. Many commentators believe that the existing WTO rules are insufficient and, thus new rules are needed. This book challenges this conventional wisdom. Through meticulous studies and fresh analysis of the commitments in China's WTO accession package, existing rules on state capitalism in WTO agreements and recent attempts to make new rules on these issues at the bilateral, regional and multilateral levels, this book argues that existing WTO rules, especially those on subsidies, coupled with China-specific rules in its accession protocol, do provide feasible tools to counter China's state capitalism. This book also discusses the reasons for the lack of usage of these rules and provides concrete policy suggestions on how the rules may be better utilized, as well as how to conduct constructive negotiations on new rules in the WTO and beyond.

State Capitalism, Institutional Adaptation, and the Chinese Miracle

Barry Naughton,Kellee S. Tsai
State Capitalism Institutional Adaptation and the Chinese Miracle Book PDF

Author : Barry Naughton,Kellee S. Tsai
Publisher : Cambridge University Press
Page : 297 pages
File Size : 41,5 Mb
Release : 2015-06-09
Category : Business & Economics
ISBN : 9781107081062

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State Capitalism, Institutional Adaptation, and the Chinese Miracle by Barry Naughton,Kellee S. Tsai Pdf

This volume explores how Chinese institutions have adapted to the new challenges of 'state capitalism'.

China’s State Enterprises

Ran Li,Kee Cheok Cheong
China s State Enterprises Book PDF

Author : Ran Li,Kee Cheok Cheong
Publisher : Springer
Page : 216 pages
File Size : 41,7 Mb
Release : 2018-06-27
Category : Political Science
ISBN : 9789811301766

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China’s State Enterprises by Ran Li,Kee Cheok Cheong Pdf

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.

Subsidies to Chinese Industry

Usha C.V. Haley,George T. Haley
Subsidies to Chinese Industry Book PDF

Author : Usha C.V. Haley,George T. Haley
Publisher : Oxford University Press
Page : 258 pages
File Size : 51,9 Mb
Release : 2013-05-02
Category : Business & Economics
ISBN : 9780199773749

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Subsidies to Chinese Industry by Usha C.V. Haley,George T. Haley Pdf

Government subsidies have contributed to China's success as manufacturer and exporter in capital-intensive industries. China's state-capitalist regime uses subsidies to stabilize and create common understandings of markets among governments and firms.

NO ANCIENT WISDOM, NO FOLLOWERS

James McGregor
NO ANCIENT WISDOM NO FOLLOWERS Book PDF

Author : James McGregor
Publisher : Easton Studio Press, LLC
Page : 150 pages
File Size : 51,7 Mb
Release : 2012-11-06
Category : Business & Economics
ISBN : 9781935212812

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NO ANCIENT WISDOM, NO FOLLOWERS by James McGregor Pdf

In the past three decades, China has risen from near collapse to a powerhouse -- upending nearly every convention on the world stage, whether policy or business. China is now the globe’s second largest economy, second largest exporter, a manufacturing machine that has lifted 500 million of its citizens from poverty while producing more than one million US dollar millionaires. Then why do China’s leaders describe the nation’s economic model as “unstable and unsustainable”? Because it is. James McGregor has spent 25 years in China as a businessman, journalist and author. In this, his latest highly readable book, he offers extensive new research that pulls back the curtain on China’s economic power. He describes the much-vaunted “China Model” as one of authoritarian capitalism, a unique system that, in its own way, is terminating itself. It is proving incompatible with global trade and business governance. It is threatening multinationals, which fear losing their business secrets and technology to China’s mammoth state-owned enterprises. It is fielding those SOEs – China’s “national champions” -- into a global order angered by heavily subsidized state capitalism. And it is relying on an outdated investment and export model that’s running out of steam. What has worked in the past, won’t work in the future. The China Model must be radically overhauled if the country hopes to continue its march toward prosperity. The nation must consume more of what it makes. It must learn to innovate. It must unleash private enterprise. And the Communist Party bosses? They must cede their pervasive and smothering hold on economic power to foster the growth, and thus social stability, that they can’t survive without. Government must step back, the state-owned economy must be brought to heel, and opportunity must be freed. During the Tang Dynasty, an official in the imperial court observed: “No ancient wisdom, no followers.” He was lamenting that regime was headed alone into dangerous and uncharted waters without any precedent for guidance. Again today – as McGregor makes clear – this is China’s greatest challenge.

State-owned Enterprise Reform in China

Justin Yifu Lin,Fang Cai,Zhou Li
State owned Enterprise Reform in China Book PDF

Author : Justin Yifu Lin,Fang Cai,Zhou Li
Publisher : Chinese University Press
Page : 228 pages
File Size : 46,9 Mb
Release : 2001
Category : Business & Economics
ISBN : 9622019536

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State-owned Enterprise Reform in China by Justin Yifu Lin,Fang Cai,Zhou Li Pdf

This work is a continuation of the authors' earlier publication, "The China Miracle: Development Strategy and Economic Reform". The authors review the historical evolution of the state-owned enterprises, analyze the current problems, and suggest the direction for future reforms.

How State-owned Enterprises Drag on Economic Growth

Ruiming Liu
How State owned Enterprises Drag on Economic Growth Book PDF

Author : Ruiming Liu
Publisher : Springer
Page : 142 pages
File Size : 52,5 Mb
Release : 2019-04-24
Category : Business & Economics
ISBN : 9783662591888

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How State-owned Enterprises Drag on Economic Growth by Ruiming Liu Pdf

Using a series of studies, this book shows that ownership structure plays a major role in the national economy as a whole. Inefficient State Owned Enterprises (SOE's) damage the development of private enterprises and overall economic growth in various ways. The policy implications are very clear: in order to achieve healthy and fast economic development, there must be a radical reform of SOEs. Moreover, the aim of the SOE reform is not just to highlight the enterprises’ efficiency, but also create favorable conditions for financial deregulation, elimination of market segmentation, weakened market monopoly, and balanced regional economic development. The book argues that SOE reform is pivotal to stimulating general economic reform and development in order for China to achieve a smooth transition to a mature market economy.

Political and Economic Analysis of State-Owned Enterprise Reform

Huiming Zhang
Political and Economic Analysis of State Owned Enterprise Reform Book PDF

Author : Huiming Zhang
Publisher : Routledge
Page : 215 pages
File Size : 45,6 Mb
Release : 2021-07-29
Category : Business & Economics
ISBN : 9781000405507

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Political and Economic Analysis of State-Owned Enterprise Reform by Huiming Zhang Pdf

In revisiting the forty year history of reforms to China’s state-owned enterprises (SOE), the book assesses the experiences of this process of reform and scrutinizes how this has helped advance the country’s economy overall. The author finds that China’s SOE reform not only commits to institutional innovation within the corporation in terms of operating mechanisms, management structure, legal organization and the economic system of the enterprise; but that it is also underpinned by a series of policies that highlight an increasing market orientation. The measures have given rise to a benign interaction between enterprise reform and market development, while switching the SOE’s role from appendages of government organs under a planned economic system to more autonomous entities that integrate public ownership and the market economy. In this regard, SOE reform’s success in constructing a modern enterprise system serves as the micro-foundation and core of an improved socialist market economic system. The book will appeal to academics and students interested in political economy and the Chinese economy, with particular reference to SOE reform and the recent economic transition in China.

Resource Misallocation Among Listed Firms in China: The Evolving Role of State-Owned Enterprises

Ms. Emilia M Jurzyk,Mr. Cian Ruane
Resource Misallocation Among Listed Firms in China The Evolving Role of State Owned Enterprises Book PDF

Author : Ms. Emilia M Jurzyk,Mr. Cian Ruane
Publisher : International Monetary Fund
Page : 45 pages
File Size : 52,8 Mb
Release : 2021-03-12
Category : Business & Economics
ISBN : 9781513571928

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Resource Misallocation Among Listed Firms in China: The Evolving Role of State-Owned Enterprises by Ms. Emilia M Jurzyk,Mr. Cian Ruane Pdf

We document that publicly listed Chinese state-owned enterprises (SOEs) are less productive and profitable than publicly listed firms in which the state has no ownership stake. In particular, Chinese listed SOEs are more capital intensive and have a lower average product of capital than non-SOEs. These productivity differences increased between 2002 and 2009, and remain sizeable in 2019. Using a heterogeneous firm model of resource misallocation, we find that there are large potential productivity gains from reforms which could equalize the marginal products of listed SOEs and listed non-SOEs.