People’s Republic of China: Selected Issues

IMF Staff Country Reports, September 8, 1997

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People’s Republic of China: Selected Issues

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Bibliographic details

• Published: September 8, 1997
• Series: IMF Staff Country Reports
• DOI: https://doi.org/10.5089/9781451807783.002

Paper focus and scope

• Analyzes state-owned enterprise (SOE) development and reform in China.
• Discusses the role of state ownership in the Chinese economy.
• Provides a “snapshot” of key features of the state sector.
• Reviews the growth, efficiency, and profitability of SOEs.
• Examines banking sector development and policy issues in China.

Key findings on SOE performance

• Argues that economic performance in SOEs has declined in the last few years.
• Evidence cited for the decline includes:
  • falling profitability,
  • increasing losses,
  • growing industrial inventories,
  • low rates of capacity utilization in some sectors.

Banking sector and policy issues

• The paper examines banking sector development and related policy issues in China (no further details in the source summary).