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Pillar: State-Owned Enterprises and Industrialization

In: China’s Rise and Its Global Implications

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  • Shaoguang Wang

    (Huazhong University of Science and Technology)

Abstract

This chapter discusses the unique contribution of state-owned enterprises to China’s industrialization. At the time when the PRC was established, China was an extremely backward agricultural country. Today, China is an industrial powerhouse, accounting for nearly 30% of global manufacturing value added. The first part of the chapter is about the starting point of New China, without a clear understanding of which, it would be difficult to appreciate great accomplishments in the subsequent years. The second part examines how China, in the first 30 years of the PRC, transformed itself from an agrarian economy into an industrial economy, and how independent and comprehensive industrial system was built up. The third part explains how China leapfrogged from an industrial economy to a mega industrial economy in the next 40 years. The assessment of the vital role state-owned enterprises has played in the 70-year history will run through all three parts.

Suggested Citation

  • Shaoguang Wang, 2021. "Pillar: State-Owned Enterprises and Industrialization," Springer Books, in: China’s Rise and Its Global Implications, chapter 0, pages 185-252, Springer.
    • Handle: RePEc:spr:sprchp:978-981-16-4341-5_6
    DOI: 10.1007/978-981-16-4341-5_6
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