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State-Business Relations and Public-Public Partnerships: China's State-owned Enterprises in Southeast Asia

Author

Listed:
  • Edmund Terence Gomez

    (Faculty of Business and Economics, Universiti Malaya)

Abstract

China’s hegemonic leader, Xi Jinping, had one core agenda, the Belt & Road Initiative (BRI), which was to be implemented primarily by employing his country’s state-owned enterprises (SOEs). Since 2013, BRI projects have featured extensively in Southeast Asia, a region where countries are led by strongmen leading economies featuring strong state intervention. As the presence of China’s SOEs in Southeast Asia grew, this led to major changes in the nature of state-business relations (SBRs). In this context, where structural power lies with the state, or in this case, the two states of China and the host nation, a fundamental query emerges: who governs in these SBRs? This article analyses this question with a focus on three core themes – China’s mounting presence in Southeast Asia through the BRI, the growing role of SOEs in these economies, and evolving SBRs.

Suggested Citation

  • Edmund Terence Gomez, 2024. "State-Business Relations and Public-Public Partnerships: China's State-owned Enterprises in Southeast Asia," Malaysian Journal of Economic Studies, Faculty of Business and Economics, University of Malaya & Malaysian Economic Association, vol. 61(1), pages 141-157, January.
    • Handle: RePEc:mjr:journl:v:61:y:2024:i:1:p:141-157
    DOI: 10.22452/MJES.vol61no1.8
    as

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    More about this item

    Keywords

    China; Southeast Asia; Belt & Road Initiative (BRI); state-owned enterprises (SOEs); state-business relations (SBRs);
    All these keywords.

    JEL classification:

    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • H11 - Public Economics - - Structure and Scope of Government - - - Structure and Scope of Government
    • H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures
    • P48 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - Legal Institutions; Property Rights; Natural Resources; Energy; Environment; Regional Studies

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