9 State Enterprise Reforms
Author:
Mr. Paul J. Heytens
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Language:
English
Print Publication Date:
24 Feb 2003
Keywords:
WTO accession; FDI inflow; income distribution; accession to the World Trade Organization; extent FDI; reform process; Foreign direct investment; Total factor productivity; Nonperforming loans; Bank credit; Personal income; South Asia; Global; Europe; Africa; Asia and Pacific; enterprise management; reform agenda; management function; enterprise reform; support center; Public enterprises; Social assistance spending; Solvency; Corporate governance; Unemployment benefits

Abstract

Reform of state-owned enterprises (SOEs) has been among the most difficult and gradual of China’s structural reforms. The financial performance of SOEs has been weak for much of the reform period, and the losses they have incurred have required heavy subsidization by the state. Early in the reform era this was effected through direct budgetary allocations, but thereafter it took the form of loans from the state commercial banks (SCBs), creating increasingly large contingent liabilities.

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Cover China
China
Competing in the Global Economy
ISBN:
9781589061781
Publication Date:
24 Feb 2003
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781589061781.071
Pages:
229