Reforming China’s State-Owned Enterprises

Milhaupt, Curtis J.; Zheng, Wentong

doi:10.1093/acprof:oso/9780190250256.003.0008

Cited by 8 publications

(7 citation statements)

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“…Probably the most important political and economic event of the past decade-and the one promoting state capitalism most forcefully-has been the rise of China as the world's second-largest (or by some measures, the largest) economy, leading manufacturer, and exporter. Though the overall level of state ownership in China has been declining for four decades, the largest companies remain state-controlled, and the scale of China's economic growth has raised the global profile and attraction of the state capitalist model (Milhaupt & Zheng, 2015).…”

Section: State Ownership and Privatizationmentioning

confidence: 99%

State Capitalism in International Context: Varieties and Variations

et al. 2020

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Section: State Ownership and Privatizationmentioning

confidence: 99%

State Capitalism in International Context: Varieties and Variations

et al. 2020

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“…138 Consequently, as Milhaupt and Zheng observed, functionally, "SOEs and large POEs in China share many similarities in the areas commonly thought to distinguish state-owned firms from privately owned firms: market access, receipt of state subsidies, proximity to state power, and execution of the government's policy objectives." 139 To be sure, the claim is not that corporate ownership is completely irrelevant in China or that Chinese POEs are identical in all respects to SOEs, but that the relationship between POEs and the GOC is complex, shifting, and variegated with respect to the level and quality of governmental intrusion, and that the boundary between SOEs and POEs is sometimes blurred in China's weak institutional setting.…”

Section: The Porous Boundary Of Soes and Privately-owned Enterprises ...mentioning

confidence: 99%

Unpacking the Black Box of China’s State Capitalism

2023

German Law Journal

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Much ink has been splashed on the ideological, conceptual, and practical challenges that China’s state capitalism has posed to global trade rules. There is a growing perception that the current international trade rules are neither conceptually coherent nor practically effective in tackling China’s state capitalism. This perception has not only led to the emergence of new trade rules in regional trade agreements, but also culminated in the US-China trade war, only further aggravated by the Covid-19 pandemic. This Article contributes to the debate of what trade rules may be needed to counteract China’s state capitalism by unpacking the black box of China’s state capitalism. Based on an analysis of the nature of China’s state capitalism, this Article provides a preliminary evaluation of current trade rules taken to counteract China’s state capitalism, in particular the new rules in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, and explain why they are unlikely to be successful.

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“…Nevertheless, much of the literature proceeds in this dichotomous ‘states versus markets’ vein to include work more directly focused on China (e.g. Milhaupt and Zheng 2015) and rival (non-Western) ‘state forms’ (Fainshmidt et al, 2018; Witt and Redding, 2013).…”

Section: State Capitalism: Old and Newmentioning

confidence: 99%

Reluctant state capitalism: Antipathy, accommodation and hybridity in Irish telecommunications

2022

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The state capitalism literature emphasizes the new roles played by states in global politics and domestic economies through heightened intervention and ownership of key resources and sectors. In Ireland, we instead find a reluctant state capitalism evinced by antipathy towards state ownership, the accommodation of private sector failures and embrace of hybrid governance. Rather than something new and unprecedented, the Irish state has been a long-standing feature of domestic market development and an important institution supporting private enterprise today as in the past. Urging a more academically robust conceptualization of state capitalism, this paper relinquishes innate assumptions of obvious boundaries dividing liberalized capitalism from state capitalism in favour of engaging the domestic state and sectoral developments on their own terms and within their proper historical context. We find reluctant state capitalism in Ireland's telecommunications sector through a continuum of state–market involvement in four phases: commercial, devolving, evolving and partnership state capitalism. By identifying temporal phases of state capitalism, we move beyond the here-and-now of more contemporary ‘new’ state capitalism analyses that suggest rupture with an idealized, liberalized past.

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Reforming China’s State-Owned Enterprises

Cited by 8 publications

References 0 publications

State Capitalism in International Context: Varieties and Variations

State Capitalism in International Context: Varieties and Variations

Unpacking the Black Box of China’s State Capitalism

Reluctant state capitalism: Antipathy, accommodation and hybridity in Irish telecommunications

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