Oxford Review of Economic Policy volume 36, issue 2, P362-379 2020 DOI: 10.1093/oxrep/graa001 View full text
Curtis J Milhaupt

Abstract: Abstract This essay explores China’s experience with state ownership of business enterprise. After a short historical survey of the rise, fall, and re-emergence of the state-owned enterprise (SOE) as a form of business organization, the essay examines the creation, ownership structure, and role of SOEs under Chinese state capitalism. It further discusses the government’s ongoing efforts to reform its SOEs. These efforts are illuminating because they highlight the serious tension inherent in the …

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