• Corpus ID: 166762673

Management of China's state-owned enterprises portfolio: lessons from international experience

@inproceedings{Mako2003ManagementOC,
  title={Management of China's state-owned enterprises portfolio: lessons from international experience},
  author={William Peter Mako and Chunlin Zhang},
  year={2003}
}
Analysis of China's portfolio of 174,000 state-owned enterprises (SOEs) (as of end-2001) reveals a clear split. China has some reasonably profitable large SOEs, many of which are centrally administered and/or publicly listed - including some on the Hong Kong and New York stock exchanges. But just over half of China's SOEs are loss-making. The great majority of loss-makers are small/medium SOEs. Locally-administered SOEs pose significant risks of a localization of benefits (e.g., wages) and a… 

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