1. Reforming the Chinese State Sector: Mixed Ownership Reforms and State-Business Relations.
- Author
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Beck, Kasper Ingeman
- Subjects
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GOVERNMENT business enterprises , *CORPORATE reorganizations , *ORGANIZATIONAL performance , *BUSINESS enterprises , *CORPORATE governance , *PROPERTY rights , *GOVERNMENT policy , *ECONOMICS & politics - Abstract
This article offers a detailed analysis of the policy design of the current fourth round of state-owned enterprise (SOE) corporate restructuring in China. This time, the state's efforts to improve SOE performance hinged on attracting private capital to take ownership shares in state firms—or so-called mixed-ownership reforms. The article relies on an analysis of policy documents, interviews with policy experts in China, and a case study of local mixed-ownership reform implementation in the city of Nanjing. It discusses implications of mixed ownership for corporate governance amid changing state–Party–business relations in China. It concludes that the reform agenda consolidates a hybrid political-economic system that organically blends planning and market modes of economic coordination, as well as public and private modes of ownership. [ABSTRACT FROM AUTHOR]
- Published
- 2023
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