Reforming the Chinese State Sector: Mixed Ownership Reforms and State-Business Relations

Kasper Ingeman Beck*

*Corresponding author af dette arbejde

Publikation: Bidrag til tidsskriftTidsskriftartikelForskningpeer review


This article offers a detailed analysis of the policy design of the current fourth round of state-owned enterprise (SOE) corporate restructuring in China. This time, the state’s efforts to improve SOE performance hinged on attracting private capital to take ownership shares in state firms—or so-called mixed-ownership reforms. The article relies on an analysis of policy documents, interviews with policy experts in China, and a case study of local mixed-ownership reform implementation in the city of Nanjing. It discusses implications of mixed ownership for corporate governance amid changing state–Party–business relations in China. It concludes that the reform agenda consolidates a hybrid political-economic system that organically blends planning and market modes of economic coordination, as well as public and private modes of ownership.
TidsskriftJournal of Contemporary China
Udgave nummer140
Sider (fra-til)264-279
Antal sider16
StatusUdgivet - mar. 2023

Bibliografisk note

Published online: 3 May 2022.