Under New Ownership: Privatizing China's State-Owned Enterprises

In the interests of financial stability and with China's accession to the WTO, it has become more urgent for China's most-dynamic state-owned enterprises and her banking industry to compete through innovation, continuing process upgrades, and active pursuit of strategies aimed at succeeding in global markets. In order to do so, not only do large state-owned industrial enterprises need to be privatized, but the government also needs to create the conditions that will result in market determined consolidation of small and medium size firms into entities with a core strength. This title explores the effects of ownership reform in China on the performance of reformed industrial state-owned enterprises, and proposes a privatization as a course of action to truly transform these enterprises into world class firm which compete on the basis of sound strategy, effective organization, and innovation.