IMF Staff Country Reports

People’s Republic of China: Selected Issues

Publication Date:

September 8, 1997

Summary:

This Selected Issues paper analyzes state-owned enterprise (SOE) development and reform in China. The paper discusses the role of state ownership in the Chinese economy, providing a “snapshot” of key features of the state sector, and a review of the growth, efficiency, and profitability of SOEs. The paper argues that economic performance in SOEs has declined in the last few years as evidenced by falling profitability, increasing losses, growing industrial inventories, and low rates of capacity utilization in some sectors. The paper also examines banking sector development and policy issues in China.

Series:

Country Report No. 1997/072

Subject:

Banking Commercial banks Economic sectors Expenditure Financial institutions Fiscal federalism Fiscal policy Inflation Prices Public enterprises