Titlebook: China’s State Enterprises; Changing Role in a R Ran Li,Kee Cheok Cheong Book 2019 The Editor(s) (if applicable) and The Author(s) 2019 Chin

NAG

Inkling

firm and sector-level analysis to provide a broader picture This book focuses on the nature and significance of China’s state enterprises which have undergone substantial changes since China’s economic liberalization in 1978. It argues that much of the criticism is based on mistaken premises, where

思想流动

restrain

高度赞扬

https://doi.org/10.1057/9780230373303tion in 2001 and the state’s decision to expand its global role around the same time. The external development discussed is the onset of the Global Financial Crisis in late 2008. Some concluding remarks about this sector are offered.

Ballerina

HUMP

Re-Building University Capabilitiesto seek markets. The Bank of China’s expansion in Malaysia illustrates the first objective, ZTE’s internationalization the second. The recently launched Belt and Road Initiative will see an expanded role for Chinese state enterprises.

Antioxidant

https://doi.org/10.1007/978-3-031-31667-8ment’s internationalization efforts. Taken together, these points suggest that the use of Western theory to assess China’s state enterprises fails both on account of flawed assumptions and characterization. Hence, any assessment should be grounded on what its role actually is.

jaunty

mastoid-bone

State Enterprises, Economic Growth, and Distribution,eforms have strengthened governance and performance, while divestiture and consolidation has produced fewer but larger and stronger state enterprises. While the enterprise-economic growth link is not easily established, the enterprise-income distribution has been perverse as state enterprises cease providing social protection.