China’s State Enterprises

Ran Li is Research Fellow at Institute of China Studies, University of Malaya. She obtained her doctoral degree in Economics from University of Malaya in 2014. She has been studying the Chinese state and state enterprises, and other research areas like development economics, urban economics and Chinese outward investment. Her specialization is in the transformation of China’s state enterprises, state enterprise system and China’s political-economic system, and her current areas of research include China’s global strategy and China-Malaysia economic relations. Her previous writings have appeared in a number of international journals such as China: An International Journal, Engineering Economics, Cities, International Journal of China Studies and Journal of Contemporary Asia.Kee Cheok Cheong is currently Senior Research Fellow, Institute of China Studies, University of Malaya. A graduate of the University of Malaya, he obtained his PhD at the London School of Economics. He has held the positions of Dean at the Faculty of Economics and Administration, University of Malaya, and senior economist at the World Bank, Washington DC, for which he continues to consult after he left. Since his return, he has co-authored two books, book chapters, and published over 40 papers in academic journals. His research interests include economic development, transition economies particularly China and Vietnam, international economic relations, education and human capital, and economic history, specifically relating to the Chinese overseas.

• 1. Introduction.- 2. China’s State Enterprises – Theories and Evidence.- 3. State Enterprises, Economic Growth and Distribution.- 4. The State’s Role in a Strategic Industry – China’s Banking Sector.- 5. China’s “Commercial” State Enterprises – a Case Study of ZTE Corporation.- 6. “Going Out”, Going Global and the Belt and Road.- 7. Conclusion.

“The book is a great resource for those looking for a comprehensive and insightful review of ‘mainstream’ theories that are critical of SOEs, as well as ‘alternative’ theories that offer a more sympathetic treatment. … the book makes an important contribution by illuminating the need to consider both the explicit ownership and control mechanisms exercised by the government in addition to non-ownership related controls.” (Richard W. Carney, Journal of Contemporary Asia, June 18, 2019)