This book provides a detailed description of state-owned enterprises (SOEs) in China with respect to both efficiency and income distribution. It demonstrates that state ownership in the form of SOEs does not use resources efficiently, holds a poor record in income distribution, and enjoys unfair advantages while competing with other firms. To illustrate this, the book presents data on how favored policies, monopolistic powers, and subsidies benefit SOEs.
This book, with its rich empirical data and information, serves as an authoritative reference for researchers interested in SOEs. It is also a good read for students of social sciences and general public.
Sample Chapter(s)
Foreword (48 KB)
Introduction (49 KB)
Chapter 1: The Theory and Process of SOE Reform (179 KB)
Contents:
- The Theory and Process of SOE Reform
- Classification of State-Owned Assets and State-Owned Enterprises
- The Current Performance of SOEs (1): Efficiency
- Current Performance of SOEs (2): Distribution
- “State Advance and Private Retreat” and Its Impact on Market Competition
- The Macroeconomic Impact of SOEs
- Political Economy: An Analysis of SOE's Performance
- The Nature of SOEs: An Economic Perspective
- The Nature of SOEs: A Legal Perspective
- Continued SOE Reform
Readership: Graduate students, professionals, general public, researchers on SOEs in China.
“The Unirule Institute of Economics has made a significant contribution to the on-going debate over China's reform. This book is a study which reveals the reality of China's state-owned enterprises based on reliable data. It also comprehensively analyzes and evaluates the impact of the increasing dominance of the state sector over Chinese society. Thus, this book is a must-read for every scholar interested in state-owned enterprises.”
Professor Wu Jinglian
Research Fellow, Development Research Center of the State Council, PRC
Honorary President, International Economic Association
“This book is a landmark in studies of China's state-owned enterprises' reform. I hope future policy makers will take it seriously.”
Professor Zhang Weiying
Guanghua School of Management, Peking University, China
“This book is an indispensable read for anyone interested in understanding future reform of the state-owned enterprises in China.”
Professor Xu Dianqing
University of Western Ontario, Canada
Sheng Hong is a Professor at the Economic Research Institute of Shandong University and Director of the Unirule Institute of Economics. He is among the top 50 economists in China. His other books include Division of Labor and Transactions (1992), Transitional Economics of China (1994, as the chief editor), Creating Peace Forever (1996), Seeking for a Stable Way for the Reform (2002), Governing a Large Country as Cooking Small Fishes: An Institutional Economics on Governments (2003), and The Great Wall and the Coase Theorem (2011). Two of his papers, “On Familism” (2008), “The Institutional Reason of the Financial Crisis in America” (2011), should be paid special attention.
Zhao Nong is a Research Fellow at the Institute of Economics at the Chinese Academy of Social Sciences and Vice Chairman of the Academic Committee of the Unirule Institute of Economics. His research areas are institutional economics and industrial organization theory. Some of his representative works are: Barriers to Entry and Exit: Theory and Application (with Liu Xiaolu, 2007), What Can Protect China's Agricultural Security (with Mao Yushi, 2011).
