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State-Owned versus Township and Village Enterprises in China

Author

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  • Perotti, Enrico C.
  • Laixiang, Sun
  • Zou, Liang

Abstract

This study presents an up-to-date survey of the comparison issue between state-owned enterprises (SOEs) and township and village enterprises (TVEs) in China. Although TVEs are disadvantaged in areas such as technology, labour skills, education levels of staff, access to bank loans and government supports, they have important advantages in ownership and governance structures, personnel systems, labour relations, and conditions of institutional arrangement. These advantages apparently have outweighed the disadvantages, allowing the TVEs to outperform SOEs and successfully expand market shares that previously belonged to the SOEs. However, our analysis also reveals that SOEs may not have performed so badly if the values they created other than reported profits are also taken into account. In conclusion, we argue that both SOEs and TVEs need to reform their ownership and governance structures. In particular, if TVEs are to develop further during the next century they cannot avoid the grassroots democratization.

Suggested Citation

  • Perotti, Enrico C. & Laixiang, Sun & Zou, Liang, "undated". "State-Owned versus Township and Village Enterprises in China," WIDER Working Papers 295476, United Nations University, World Institute for Development Economic Research (UNU-WIDER).
    • Handle: RePEc:ags:widerw:295476
    DOI: 10.22004/ag.econ.295476
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    Cited by:

    1. Andrea Bernardi & Mattia Miani, 2014. "The long march of Chinese co-operatives: towards market economy, participation and sustainable development," Asia Pacific Business Review, Taylor & Francis Journals, vol. 20(3), pages 330-355, July.
    2. Mylène Gaulard, 2010. "Baixa da taxa de lucro e crescimento chinês ," Post-Print halshs-01811556, HAL.
    3. Wei-qi Cheng, 2005. "The Relationship Between the Chinese Government and Corporatised Enterprises in the Current Transition Period," Asia Pacific Journal of Public Administration, Taylor & Francis Journals, vol. 27(2), pages 117-139, December.
    4. Glawe, Linda & Wagner, Helmut, 2017. "A stylized model of China’s growth since 1978," CEAMeS Discussion Paper Series 5/2017, University of Hagen, Center for East Asia Macro-economic Studies (CEAMeS), revised 2017.

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    Keywords

    International Development;

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