An Analysis Of State Owned Enterprises And State Capitalism In China PDF Download
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Author | : Andrew Szamosszegi |
Publisher | : Createspace Independent Publishing Platform |
Total Pages | : 122 |
Release | : 2011-10-26 |
Genre | : Capitalism |
ISBN | : 9781475293258 |
Download An Analysis of State-Owned Enterprises and State Capitalism in China Book in PDF, ePub and Kindle
China's breathtaking economic growth, has often led observers to assume that the country's economic system has been transformed into a capitalist economy dominated by private enterprise. Although China's reliance on private enterprise and market-based incentives has been growing, and the CCP's treatment of private enterprises and entrepreneurs has been changing, it would be a mistake to minimize the current role of the State and the CCP in shaping economic outcomes in China and beyond. The Chinese government and state-owned enterprises (SOEs) remain potent economic forces. Indeed, some of China's SOEs are among the largest firms in China and the world. They are major investors in foreign countries. They have been involved in some of the largest initial public offerings in recent years and remain the controlling owners of many major firms listed on Chinese and foreign stock exchanges.
Author | : Benjamin L. Liebman |
Publisher | : Oxford University Press |
Total Pages | : 481 |
Release | : 2015-10-19 |
Genre | : Law |
ISBN | : 0190250267 |
Download Regulating the Visible Hand? Book in PDF, ePub and Kindle
The economic and geopolitical implications of China's rise have been the subject of vast commentary. However, the institutional implications of China's transformative development under state capitalism have not been examined extensively and comprehensively. Regulating the Visible Hand? The Institutional Implications of Chinese State Capitalism examines the domestic and global consequences of Chinese state capitalism, focusing on the impact of state-owned enterprises on regulation and policy, while placing China's variety of state capitalism in comparative perspective. It first examines the domestic governance of Chinese state capitalism, looking at institutional design and regulatory policy in areas ranging from the environment and antitrust to corporate law and taxation. It then analyses the global consequences for the regulation of trade, investment and finance. Contributors address such questions as: What are the implications of state capitalism for China's domestic institutional trajectory? What are the global implications of Chinese state capitalism? What can be learned from a comparative analysis of state capitalism?
Author | : Curtis J. Milhaupt |
Publisher | : |
Total Pages | : 58 |
Release | : 2015 |
Genre | : |
ISBN | : |
Download Beyond Ownership Book in PDF, ePub and Kindle
Chinese state capitalism has been treated as essentially synonymous with state-owned enterprises (“SOEs”). But drawing a stark distinction between SOEs and privately owned enterprises (“POEs”) misperceives the reality of China's institutional environment and its impact on the formation and operation of large enterprises of all types. We challenge the “ownership bias” of prevailing analyses of Chinese firms by exploring the blurred boundary between SOEs and POEs in China. We argue that the Chinese state has less control over SOEs, and more control over POEs, than its ownership interest in the firms suggests. Our analysis indicates that Chinese state capitalism can be better explained by capture of the state than by ownership of enterprise. We explain the mechanisms of capture in China and argue that due to China's institutional environment, large, successful firms -- regardless of ownership -- exhibit substantial similarities in areas commonly thought to distinguish SOEs from POEs: market dominance, receipt of state subsidies, proximity to state power, and execution of the state's policy objectives. We explore the significant implications of this argument for theory, policy, and law.
Author | : Barry Naughton |
Publisher | : Cambridge University Press |
Total Pages | : 297 |
Release | : 2015-06-09 |
Genre | : Business & Economics |
ISBN | : 1107081068 |
Download State Capitalism, Institutional Adaptation, and the Chinese Miracle Book in PDF, ePub and Kindle
This volume explores how Chinese institutions have adapted to the new challenges of 'state capitalism'.
Author | : Aravind Yelery |
Publisher | : |
Total Pages | : 0 |
Release | : 2021 |
Genre | : Capitalism |
ISBN | : 9789390095353 |
Download China Inc Book in PDF, ePub and Kindle
Author | : Rick Harris |
Publisher | : Nova Science Publishers |
Total Pages | : 0 |
Release | : 2012 |
Genre | : China |
ISBN | : 9781619428218 |
Download State-Owned Enterprises and State Capitalism in China Book in PDF, ePub and Kindle
China's breathtaking economic reform, including the rise of private enterprise, has often led observers to assume that the country's economic system has been transformed into a capitalist economy dominated by private enterprise. A number of economic, political and policy trends demonstrate that the Chinese economy has become more market-oriented. Chinese statistics show a dramatic rise in the number of ostensibly private enterprises since the late 1970s. China now has stock exchanges in two cities and hundreds of Chinese firms now have listings in exchanges beyond the mainland. In 1978, capitalists in China were official class enemies but in 2001 they were welcomed into the Chinese Communist Party. China's once insular economy now imports more than one trillion dollars annually and is one of the top destinations for foreign investments. This book examines state-owned enterprises (SOEs) in China and the role they play in China's economy, politics and foreign policy.
Author | : Ms. Emilia M Jurzyk |
Publisher | : International Monetary Fund |
Total Pages | : 45 |
Release | : 2021-03-12 |
Genre | : Business & Economics |
ISBN | : 1513571923 |
Download Resource Misallocation Among Listed Firms in China: The Evolving Role of State-Owned Enterprises Book in PDF, ePub and Kindle
We document that publicly listed Chinese state-owned enterprises (SOEs) are less productive and profitable than publicly listed firms in which the state has no ownership stake. In particular, Chinese listed SOEs are more capital intensive and have a lower average product of capital than non-SOEs. These productivity differences increased between 2002 and 2009, and remain sizeable in 2019. Using a heterogeneous firm model of resource misallocation, we find that there are large potential productivity gains from reforms which could equalize the marginal products of listed SOEs and listed non-SOEs.
Author | : Henry Gao |
Publisher | : Cambridge University Press |
Total Pages | : 225 |
Release | : 2022-11-24 |
Genre | : Law |
ISBN | : 1108904874 |
Download Between Market Economy and State Capitalism Book in PDF, ePub and Kindle
One major issue facing the world trading system today is how to deal with the challenge of China's state capitalism. Many commentators believe that the existing WTO rules are insufficient and, thus new rules are needed. This book challenges this conventional wisdom. Through meticulous studies and fresh analysis of the commitments in China's WTO accession package, existing rules on state capitalism in WTO agreements and recent attempts to make new rules on these issues at the bilateral, regional and multilateral levels, this book argues that existing WTO rules, especially those on subsidies, coupled with China-specific rules in its accession protocol, do provide feasible tools to counter China's state capitalism. This book also discusses the reasons for the lack of usage of these rules and provides concrete policy suggestions on how the rules may be better utilized, as well as how to conduct constructive negotiations on new rules in the WTO and beyond.
Author | : Usha C.V. Haley |
Publisher | : Oxford University Press, USA |
Total Pages | : 258 |
Release | : 2013-05-02 |
Genre | : Business & Economics |
ISBN | : 0199773742 |
Download Subsidies to Chinese Industry Book in PDF, ePub and Kindle
Government subsidies have contributed to China's success as manufacturer and exporter in capital-intensive industries. China's state-capitalist regime uses subsidies to stabilize and create common understandings of markets among governments and firms.
Author | : Usha C.V. Haley |
Publisher | : Oxford University Press |
Total Pages | : 295 |
Release | : 2013-03-27 |
Genre | : Business & Economics |
ISBN | : 0199339783 |
Download Subsidies to Chinese Industry Book in PDF, ePub and Kindle
How did China move so swiftly in capital-intensive industries without labor-cost or scale advantage from bit player to the largest manufacturer and exporter in the world? This book argues that subsidies contributed significantly to China's success. Industrial subsidies in key Chinese manufacturing industries may exceed thirty percent of industrial output. Economic theories have mostly portrayed subsidies as distortive, inefficiently reallocating resources according to non-market criteria. However, China's state-capitalist regime uses subsidies to promote the governments' and the Communist Party of China's interests. Rather than aberrations, subsidies help Chinese businesses and governments produce, stabilize and create common understandings of markets; the flows of capital reflect struggles between critical Chinese actors including central and provincial governments. Concepts of state capitalism including market-transition theory, the multi-organizational Chinese state, and state as paramount shareholder, create complex and relevant understandings of Chinese subsidies. The authors develop independent measures of industrial subsidies using publicly-reported data at firm and industry levels from governmental and private sources. Subsidies include free to low-cost loans, subsidies to energy (coal, electricity, natural gas, heavy oil) and to key inputs, land and technology. Four sequential studies identify the growth of subsidies to Chinese manufacturing over time and effects on world industry: steel (2000-2007), glass (2004-2008), paper (2002-2009) and auto parts (2001-2011). Subsidies to Chinese industry affect and are affected by business strategy and trade policy. Business strategies include lobbying for subsidies and for protection from subsidized foreign competitors and managing supply chains to guard against whiplash effects of uncoordinated subsidies. The subsidized solar industry highlights how global business strategies and decisions on production location and technology development respond to production or consumption subsidies and include market (competitive) and non-market (political) strategies. The book also covers government policies and regulation on subsidies broadly focusing on domestic consumption (antidumping and countervailing duties) and domestic production (indigenous innovation).