Politics and Business Group Formation in China: The Party in Control?

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    Abstrakt

    As a result of economic reform and administrative restructuring in China, a number of powerful state-owned business groups (“national champions”) have emerged within sectors of strategic importance. They are headed by a new corporate elite which enjoys unprecedentedly high levels of remuneration and managerial independence from government agencies and which derives legitimacy from symbolizing China's economic rise. However, through the nomenklatura system, the Party controls the appointment of the CEOs and presidents of the most important of these enterprises and manages a cadre transfer system which makes it possible to transfer/rotate business leaders to take up positions in state and Party agencies. In order to conceptualize the coexistence of the contradicting forces for further enterprise autonomy and continued central control that characterizes the evolving relationship between business groups and the Party-state, this paper proposes the notion of integrated fragmentation.
    OriginalsprogEngelsk
    TidsskriftChina Quarterly
    Vol/bind211
    Sider (fra-til)624-648
    ISSN0305-7410
    DOI
    StatusUdgivet - sep. 2012

    Emneord

    • Chinese business groups
    • SOEs
    • Administrative reform
    • Elite politics
    • Cadre management
    • Integrated fragmentation

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