State-Owned Enterprise's Ownership Reform: A Chinese Modernization Approach

A critical review of state-owned enterprise (SOE) reforms and enterprise governance in China, including the challenges, dilemmas, and prospects. Combining theoretical and empirical discussions, the book offers insights into China's enterprise reform and development.

Format: Paperback / softback
Length: 176 pages
Publication date: 27 December 2022
Publisher: Taylor & Francis Ltd

A comprehensive and critical analysis of state-owned enterprise (SOE) reforms and enterprise governance in China, encompassing a range of challenges, dilemmas, and prospects. This study combines theoretical insights with empirical discussions to provide a comprehensive understanding of China's SOE mixed-ownership reform, its successes, and the ongoing efforts to improve enterprise governance.

China's SOE reforms have been a pivotal component of its economic development over the past several decades. The government has sought to promote efficiency, market competition, and innovation within these enterprises by introducing mixed-ownership structures, privatization, and other market-oriented reforms. While these efforts have achieved some success, they have also faced numerous challenges.

One of the primary challenges facing SOE reforms is the issue of state ownership. While the government has sought to reduce its stake in these enterprises, it remains a significant shareholder, which can create conflicts of interest and hinder effective governance. Additionally, the government's interference in the operations of SOEs can lead to inefficiencies, corruption, and a lack of accountability.

Another challenge is the need to balance the interests of different stakeholders, including employees, shareholders, and the government. SOEs often have a large workforce and significant social responsibilities, which can make it difficult to strike a balance between the demands of these stakeholders and the need for profitability. This can lead to tensions and conflicts within the enterprise and undermine its long-term sustainability.

Despite these challenges, there are also several opportunities for SOE reforms in China. One of the most promising areas is the promotion of private enterprise and entrepreneurship. The government has been encouraging the development of private companies and providing them with access to capital and other resources, which can help to diversify the economy and promote innovation.

Another opportunity is the integration of technology and digitalization into SOEs. With the rapid growth of the internet and other digital technologies, SOEs can leverage these tools to improve their efficiency, reduce costs, and enhance their competitiveness. This can also help to improve the quality of products and services and better meet the needs of consumers.

In conclusion, state-owned enterprise (SOE) reforms and enterprise governance in China present a complex and multifaceted challenge. While there are numerous challenges to be addressed, there are also opportunities for positive change and growth. By continuing to promote efficiency, market competition, and innovation, and by balancing the interests of different stakeholders, China can continue to develop its SOEs and ensure their long-term sustainability.

Weight: 350g
Dimension: 234 x 156 (mm)
ISBN-13: 9781032421544