China's Silent Revolution

IFC Asia economist and China expert, Stoyan Tenev discusses SOE restructuring in China.

State owned enterprise SOE reform has been going on for 20 years. What's different about the latest round

Tenev There's a huge privatization programme underway. Local government can no longer carry the burden of loss-making SOEs and attendant social costs. So they're being sold off in large numbers.

One difference with previous attempts is the sheer scale - some 80% of all SOEs have been touched in some way by corporatization that is to say, running the company according to the discipline of the Company Law, of which half have been privatized. You can now say that the traditional 100% state owned enterprise is...

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222