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CHINESE INDUSTRIAL POLICY AND THE REDUCTION OF STATE‐OWNED SHARES IN CHINA'S LISTED COMPANIES
Author(s) -
Ke Li,
Tongliang An
Publication year - 2004
Publication title -
pacific economic review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.34
H-Index - 33
eISSN - 1468-0106
pISSN - 1361-374X
DOI - 10.1111/j.1468-0106.2004.00257.x
Subject(s) - china , business , industrial policy , state (computer science) , process (computing) , key (lock) , social security , sustainable development , industrial organization , economic system , economics , market economy , international trade , political science , ecology , algorithm , computer science , law , biology , operating system
. Reducing the proportion of state‐owned shares (SOSs) in China is a complicated undertaking, related to several issues on the reform agenda such as the strategic reform of the national economy, industrial policies, the sustainable development of listed companies, the evolution of the ownership structure and the establishment of a social security system. By our analysis, since the quantity of SOSs is continuously increasing, it requires thorough and differentiated reduction strategies based on the industrial structure of SOSs, industrial policies, timing issues, etc., and should follow this process all along; i.e. SOSs → key corporations → key industries → state economy.