Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/201914 
Year of Publication: 
2019
Series/Report no.: 
CESifo Working Paper No. 7688
Publisher: 
Center for Economic Studies and ifo Institute (CESifo), Munich
Abstract: 
This paper examines the progress of state-owned enterprise (SOE) reform in the People’s Republic of China. After defining SOEs and considering their scope of operation within the PRC economy, the focus of the paper is on the major reform waves that followed the deterioration of SOE profitability in the early 1990s. The oil industry serves to illustrate industry-specific SOE reform trends as well as the latest reform developments. Until today, a stable, successful, longterm arrangement of state ownership has remained elusive. SOE reform is incomplete as long as a number of fundamental governance issues are not resolved. But these are difficult to resolve in the context of Party-controlled state-owned enterprises.
Subjects: 
state-owned enterprise reform
People’s Republic of China
corporate governance
public enterprise management
Chinese Communist Party
state-owned asset management
industrial policy
JEL: 
P00
P31
L20
P26
D22
L32
O25
O53
Document Type: 
Working Paper
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