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

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,The State’s Role in a Strategic Industry—China’s Banking Sector,tion 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.

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Conclusion,ment’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.

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Book 2019zation in 1978. It argues that much of the criticism is based on mistaken premises, where even the term ‘state-owned enterprises’ is a misnomer given that the emphasis is much less on ownership than on control. Using numerous case studies, this book highlights the extent to which these enterprises h

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https://doi.org/10.1007/978-3-662-08844-9conomy arguments relating to the legitimacy of the ruling party. State enterprises’ continued role lies in their evolution from the traditional provision of social safety nets to that of supporting state strategy, the product of incremental reforms implemented over several decades. This introduction frames the discussion in later chapters.

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