The new round of reform of state-owned enterprises

Abstract

Purpose

This paper aims to review the state-owned enterprise (SOE) reform in China and analyzes the role of the Chinese Government in the progress of the SOE reform. It provides suggestions to better guide the direction of further reforms of the SOEs in China.

Design/methodology/approach

This paper reviews the historical path of the SOE reform in China and analyzes the underline policy implication associated with the reform.

Findings

The success of the function-oriented SOE reform depends on the transformation of governmental functions. Only with the linkage of governmental functions reform can we change the existing pattern of economic development, build a solid foundation for the socialist market economy and achieve the final triumph.

Originality/value

This paper provides suggestions to better guide the direction of further reforms of the SOEs in China.

Citation

Yang, W. (2015), "The new round of reform of state-owned enterprises", Journal of Entrepreneurship in Emerging Economies, Vol. 7 No. 1, pp. 55-66. https://doi.org/10.1108/JEEE-10-2014-0036