The history and present of Chinese SOE reform
DOI:
https://doi.org/10.54691/bcpbm.v18i.542Keywords:
Planned economy, SOE reform, history, presentAbstract
The SOE reforms are pivot for Chinese economy. The future success of Chinese economy relies on the government’s ability to deepen SOE reforms today. Over forty years of SOE reforms have mitigated the unanimity problem, improved SOE efficiencies, and elucidated the relationship between SOE and the government. Even though misallocation, excessive social burdens, and bureaucratic culture within SOEs still exist, this reform has achieved staged success. The success originates from a strong and consistent government leadership, but future reforms can also go astray because of the overly centralized power. This paper summarizes the overview of China's planned economy and analyzes the reform measures of the leaders in different periods respectively.
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