Abstract
After decades of declining profitability, China's industrial state-owned
enterprises appear to be obsolete. This book utilizes extensive data and
qualitative as well as quantitative analyses to examine the reasons for
the decline in the profitability of these industrial state-owned enterprises,
to determine their current profitability patterns across various dimensions,
and to account for profitability gaps between these enterprises and those
managed under other ownership forms. China's recent enterprise reform measures
are also evaluated. A differentiated picture emerges that clarifies past
developments and illuminates future prospects of the reform of industrial
state-owned enterprises in China.
Table of contents
1. Introduction
2. Data
Part I. Explaining the Reform Period Decline in Industrial SOE Profitability
3. Tracing the Decline in Industrial SOE Profitability
through the Profit and Loss Account
4. The Impact of Competition and Labor Remuneratoin
on Profitability
5. The Impact of the Liability-Asset Ratio on Profitability
Part II. Industrial SOE Profitability in Perspective
6. SOEs versus Non-SOEs
7. Profitability across Industrial SOEs
8. Recent Industrial SOE Reform Policies