People’s Republic of China: Selected Issues
September 8, 1997
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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.
Subject: Banking, Commercial banks, Economic sectors, Expenditure, Financial institutions, Fiscal federalism, Fiscal policy, Inflation, Prices, Public enterprises
Keywords: administered price, Asia and Pacific, authorities definition, bank, bank lending, Commercial banks, CR, E. bank soundness, East Asia, Eastern Europe, enterprise, Fiscal federalism, Global, government, government debt, Inflation, ISCR, light industry, loan, People's Bank of China, policy bank, price liberalization, price reform, Public enterprises
Pages:
157
Volume:
1997
DOI:
Issue:
072
Series:
Country Report No. 1997/072
Stock No:
1CHNEA0021997
ISBN:
9781451807783
ISSN:
1934-7685
