China＇s complex and twisted journey of SOE reform over the past four decades is an unprecedented transformation in its history and is at the center stage of its economic reforms. Over the past four decades, SOEs tran...China＇s complex and twisted journey of SOE reform over the past four decades is an unprecedented transformation in its history and is at the center stage of its economic reforms. Over the past four decades, SOEs transitioned from being affiliates of a planned economy to ＂new SOEs＂ as modern enterprises under the market economic system. This journey can be roughly divided into the following four stages： the reform to expand SOE autonomy during 1978-1993, the reform to create a modern enterprise system during 1993- 2003, the reform to create a new system for the administration of state assets during 2003- 2013, and the new era of classified SOE reform since 2013. After the four stages, China＇s SOE reform has made tremendous achievements, particularly since the 18th CPC National Congress. V~th policy readiness for SOE reform in the new era, reform should be carried out in a comprehensive and systematic manner for different types of SOEs in the future.展开更多
基金＇ From the two dimensions of modem property ownership system and market-based management system, ＇haew SOEs＂ can be defined as SOEs with modem property ownership systems （characterized by equity diversification and standard corporate governance） and market-based management system （characterized by independent operation, decision-making and management）. See ＂Pre ＇hminary Study on New SOEs Phenomenon＂, China Industrial Economics, Vol.6 2005 by Jin Bei and Huang Qunhui.
文摘China＇s complex and twisted journey of SOE reform over the past four decades is an unprecedented transformation in its history and is at the center stage of its economic reforms. Over the past four decades, SOEs transitioned from being affiliates of a planned economy to ＂new SOEs＂ as modern enterprises under the market economic system. This journey can be roughly divided into the following four stages： the reform to expand SOE autonomy during 1978-1993, the reform to create a modern enterprise system during 1993- 2003, the reform to create a new system for the administration of state assets during 2003- 2013, and the new era of classified SOE reform since 2013. After the four stages, China＇s SOE reform has made tremendous achievements, particularly since the 18th CPC National Congress. V~th policy readiness for SOE reform in the new era, reform should be carried out in a comprehensive and systematic manner for different types of SOEs in the future.
