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Happy to share a new report, "Missing Link: Corporate Governance in China's State Sector," an in-depth analysis of how Chinese state-owned enterprises are governed and key issues today https://goo.gl/uNrZNZ
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So was the Marshall Plan. The point is? Very little private capital is interested in infrastructure, it is natural for the state to finance these things. We apparently also have a plan to nationalize our 5G infrastructure.
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There is a similar dynamic at work in BRI investment. Those who cite statistics that a majority of Chinese firms involved in BRI are private miss the point. The overwhelming amount of Chinese BRI investment comes from SOEs and state finance.https://twitter.com/wendyleutert/status/1068705962620530688 …
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"The ZTE incident has sounded the alarm for us. Only by taking core technologies and key equipment in our hands can we fundamentally ensure sustainable enterprise development," says director of China state ownership agency (中文)https://goo.gl/nMxxVU
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State-owned assets account for more than 90% of assets in China's key industrial sectors including defense, energy, telecommunications, and heavy equipment manufacturing (中文)https://goo.gl/nMxxVU
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Greater devolution of powers to Chinese state-owned enterprises reportedly in the works, as well as significant changes to enterprise oversight & state ownership agency SASAC itself (中文) https://goo.gl/mjm7pA
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Amid continued & intense pressure on the Unirule Institute of Economics, its founder Mao Yushi writes about the challenges facing China's economy: “The only way out is to privatize these state-owned enterprises."https://twitter.com/OfficialUnirule/status/1066714906399928321 …
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Great to talk about
#China state-owned enterprises' role in developing key technologies w/@ftchina@gabewildauhttps://goo.gl/uB88jd謝謝,Twitter 將使用這項資訊來使你的時間軸更完美。 還原還原 -
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State of the State - Timely new report on governance of State Owned Enterprises in Chinahttps://asiasociety.org/missing-link-corporate-governance-chinas-state-sector … – 在 中国国际贸易中心 China World Trade Center
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A conversation between Dan Rosen and Victor Shih, Professor, School of Global Policy and Strategy at UC San Diego: Business as usual cannot continue for much longer, but a different way of corporate governance is at the core of a way forward
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It's a critical moment now for the WTO to (re-)strengthen its role in the global trade governance.https://twitter.com/MPetsinger/status/1058380576577740803 …
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Earlier reported figure was 3,100+ projects (中文) https://goo.gl/K6A93N https://twitter.com/globaltimesnews/status/1057328791012495360 …
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“It’s the latest sign that state-backed businesses are still the priority. It is not unusual for the government to use its financial resources to support a large state-owned company”https://www.scmp.com/business/companies/article/2170238/faw-maker-chinas-iconic-red-flag-cars-offered-record-1-trillion …
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China does the math on its state-owned assets and finds they’re around three times its annual GDP.https://www.caixinglobal.com/2018-10-25/chinas-state-financial-assets-worth-about-half-of-global-gdp-101339013.html?rkey=4jojc%2BU9DvuLMu29%2B9zOiPFL%2FE7ci4pKuH60nj5xbwJzX%2FQh3iE61w%3D%3D&cxg=web&Sfrom=twitter …
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State-owned telecoms giant China Unicom reports increase in net profit, credits mixed ownership reform. Will performance improvements give the "Unicom model" a second wind?https://goo.gl/u4aZt6
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VP Liu He: belief that “the state advances and the private sector retreats” is one-sided and wrong. State firms and non-state firms are complementary as they complete the industrial chain with each occupying their own segments, mutually beneficial. http://www.xinhuanet.com/politics/2018-10/19/c_1123583563.htm …pic.twitter.com/f8fzJFS8cd
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Lots of talk by Chinese officials about ‘Competitive Neutrality’ principles for SOEs to address foreign concerns. Good concept but was designed for OECD economies with small state sectors, strong competition policy authorities, and rule of law.https://www.caixinglobal.com/2018-10-16/competitive-neutrality-for-state-firms-can-help-china-at-home-and-abroad-101335637.html?cxg=web&Sfrom=twitter …
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China State Council Information Office holds 10/15 press conference on economic performance of state-owned enterprises in 3rd quarter of 2018, transcript here (中文):https://goo.gl/kB4G4G
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"China should take the initiative and become a participant in efforts to set up international regulations."https://goo.gl/bGoZh4
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China's 2018-2020 "Double Hundred Actions" (双百行动) initiative for state-owned enterprise reform enters "implementation season," 224 central SOE subsidiaries & 180 local SOEs now participating (中文) https://goo.gl/g7v4H2
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