China's State-Owned Enterprises

Nature, Performance and Reform

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.

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.
Key Features:

• Rich and creditable data about China's SOEs which are generally difficult to reach
• Deep discussion on the nature of SOE in the term of institutional economics and law science
• Analysis of political economy explores the mechanism of why SOEs can obtain easily the monopolistic powers and other favored policies
• Sheng Hong is among the top 50 economists in China