China's State-owned Enterprises

Released on by Hong Sheng
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  • China's State-owned Enterprises Book Detail

  • Author : Hong Sheng
  • Release Date : 2013
  • Publisher : World Scientific
  • Genre : Business & Economics
  • Pages : 407
  • ISBN 13 : 9814383848
  • File Size : 71,71 MB
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China's State-owned Enterprises by Hong Sheng PDF Summary

Book Description: The Nature, the Performance, and the Reform of State-owned Enterprises provides a detailed description of state-owned enterprises (SOEs) in China with respect to both efficiency and income distribution. It shows that state ownership in the form of SOEs does not use resources efficiently and has a poor record in income distribution. Moreover, SOEs are found to enjoy unfair advantages in their competition with other firms. To illustrate the point, the book presents data revealing how favored policies, monopolistic powers, and subsidies benefit SOEs. These advantages are worth several trillion yuans a year. It is a sad irony that such wealth of the people is used to beef up the revenues of the SOEs, making their accounts look much better than they should be.This book, with its rich empirical data and information, is an authoritative reference for researchers interested in SOEs. It is also a good read for students of social sciences and the public to learn more about SOEs.

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