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Reform of State-Owned Enterprises and Development of Private Economy

In: China’s Reform: History, Logic, and Future

Author

Listed:
  • Guoqiang Tian

    (Texas A&M University)

  • Xudong Chen

    (Shanghai University of Finance and Economics)

Abstract

In the next step of SOE reform, efforts should be made to accelerate two processes: equity diversification and de-administration. These will help build a real modern corporate governance structure consistent with the intrinsic nature and development law of enterprises; achieve a new balance between the profit goal of enterprises and other goals such as supplying public goods, improving the state capacity, and maximizing social interests; and carry out a classified reform and management of state-owned enterprises with a focus on accelerating the withdrawal of state-owned enterprises from some competitive fields and non-natural administrative monopoly fields, so as to create a market environment of fair competition.

Suggested Citation

  • Guoqiang Tian & Xudong Chen, 2022. "Reform of State-Owned Enterprises and Development of Private Economy," Springer Books, in: China’s Reform: History, Logic, and Future, chapter 0, pages 341-363, Springer.
  • Handle: RePEc:spr:sprchp:978-981-19-5470-2_25
    DOI: 10.1007/978-981-19-5470-2_25
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