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Essay / Research Paper Abstract
This 11 page paper examines State-owned enterprise in China looking at the current situation, the on-going reformations, and the expected impact for foreign direct investment by multi-national companies. The bibliography cites 6 sources.
Page Count:
11 pages (~225 words per page)
File: TS14_TESEOchn.rtf
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Unformatted sample text from the term paper:
of the Chinese. One area that has been a particularly heavy burden is that of the state owned enterprises (SOE). Prior to 1978 the majority of these operated at a
loss, or at best some made a small profit. The ironic aspect is the level of the pattern of state ownership is a detriaion of many of these SEOs following
1978 when Deng Xiaoping revealed the plan that was to help the Chinese economy recover from its poor position. The announcement was made in December of that year at the
Third Plenum of the 11th Central Committee of the Chinese Communist Party (Guthrie, 2003). The situation was one where there had been stagnation for the pervious decade and the ten
year plan which had been laid down in 1976 was already failing and the recovery would take investment (Guthrie, 2003). The plan was one that is at odds with the
way in which capitalism is usually gradually introduced into an economy and the aim was not one of introducing capitalism. It was flowing this that the idea of market socialism
enters into the equation. The plan was to take the pace slowly, keeping the state in control but allowing market forces to be felt and guide business in the country,
this would mean facilitating this growth with investment as well as allowing the development to increase the taxation revenue (Guthrie, 2003). In this way that ideal of socialism is
retained, there is still the control over the production by the state, on behalf of the people. After 1978 there were capitalist policies adopted, however, in the case of
China it was state capitalism that was also funding many SOEs subsidizing the losses. The problem has been argued as the monopolistic models that had been adopted; they provide little
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