Cm. Yeh, REFORM OF STATE-OWNED ENTERPRISES IN MAINLAND CHINA SINCE THE CCPS 15TH CONGRESS, Issues and studies - Institute of International Relations, 34(5), 1998, pp. 52-78
In September 1997, the CCP's Fifteenth National Congress devised a new
orientation for the reform of state-owned enterprises (SOEs), with an
emphasis on boosting productivity, using the joint stock system to cl
arify ownership, and improving the performance of state-owned economic
entities. Since then, invigorating small SOEs has been replaced with
successfully managing and internationalizing large ones as the most im
portant long-range objective. In this article, the author analyzes why
Beijing has been reforming SOEs since the 1970s, and why the CCP's Fi
fteenth Congress and the Central Economic Work Conference have both ma
de SOE reform the core of economic reforms. Special attention will be
paid to the following issues. (1) the management difficulties which SO
Es face; (2) the strategy for reforming SOEs adopted by the CCP's Fift
eenth Congress; (3) problems arising in the course of reform; and (4)
essential reform difficulties.