Explaining the financial performance of China's industrial enterprises: beyond the competition-ownership controversy
In: The China quarterly: an international journal for the study of China
ISSN: 0305-7410, 0009-4439
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In: The China quarterly: an international journal for the study of China
ISSN: 0305-7410, 0009-4439
World Affairs Online
In: Asian survey: a bimonthly review of contemporary Asian affairs, Band 34, Heft 9, S. 769
ISSN: 0004-4687
In: The China quarterly: an international journal for the study of China, Heft 140, S. 1080
ISSN: 0305-7410, 0009-4439
In: The China quarterly: an international journal for the study of China, S. 1080-1104
ISSN: 0305-7410, 0009-4439
Focusing on above-quota and negotiated purchase, the authors analyse in detail the mechanisms of different modes of grain acquisition by the Chinese government during the pre-reform and reform periods. They also discuss the problem of social instability in the countryside of China, slackened rural income growth, the Chinese government's attempts to protect farmers' interests etc. (DÜI-Sen)
World Affairs Online
In: Asian survey: a bimonthly review of contemporary Asian affairs
ISSN: 0004-4687
World Affairs Online
In: China at 60, S. 139-162
In: The Chinese economy: translations and studies, Band 42, Heft 5, S. 79-97
ISSN: 1558-0954
In: The Chinese economy: translations and studies, Band 39, Heft 4, S. 25-40
ISSN: 1558-0954
In: China report: a journal of East Asian studies = Zhong guo shu yi, Band 38, Heft 2, S. 259-273
ISSN: 0973-063X
In: China economic review, Band 7, Heft 2, S. 155-167
ISSN: 1043-951X
In: China economic review, Band 7, Heft 2, S. 135-153
ISSN: 1043-951X
In: China report: a journal of East Asian studies = Zhong guo shu yi, Band 32, Heft 1, S. 43-57
ISSN: 0973-063X
In: China economic review, Band 51, S. 257-270
ISSN: 1043-951X
In: The China quarterly, Band 170, S. 413-440
ISSN: 1468-2648
Scholarly explanations of the worsening financial performance of Chinese industry over the reform era, particularly the loss-making phenomenon, have coalesced around two rival stories: the "inefficient institutions causing poor financial performance" story and the "increased competition inducing profitability decline" story. This article critically reviews the arguments and empirical substantiation of the two stories, and gives an alternative explanation that takes demand conditions and industrial configurations into the analysis. On this basis, it is argued that the worsening financial performance is a macro as well as micro problem that points to the fundamental contradictions in contemporary Chinese political economy. Some policy implications from this analysis are raised in the concluding section.
In: The China quarterly: an international journal for the study of China, Heft 170, S. 413-440
ISSN: 0305-7410, 0009-4439