Rethinking the Role of State-owned Enterprises in China’s Rise
Bibliographic Data
| ID | 8104355 |
|---|---|
| Authors | Shahar Hameiri (0000-0003-1290-5141, Queen Mary University of London), Lee Jones (0000-0003-4825-7238, Queen Mary University of London), Yizheng Zou (0000-0003-2228-2558, Shenzhen University, corresponding author) |
| Year | 2017 |
| Volume | 22 |
| Issue | 6 |
| Pages | 743-760 |
| Publication date | 2017-05-03 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | New Political Economy (JOURNAL) |
| Journal identifiers | ISSN: 1356-3467 • E-ISSN: 1469-9923 |
| Publisher | Taylor & Francis (PUBLISHER • GB) |
| DOI | 10.1080/13563467.2017.1321625 |
| OpenAlex | W2610527125 |
| Language | EN |
| Citations received | 71 |
| References cited | 39 |
The massive overseas expansion of Chinese state-owned enterprises (SOEs) is a central aspect of China’s ‘rise’ to great-power status. There is significant disagreement, however, over how to interpret SOEs’ role. Are they instruments of Chinese statecraft, being directed purposefully from Beijing as part of a ‘grand strategy’? Or are they relatively autonomous, profit-maximising businesses, their free-wheeling behaviour often undermining Chinese foreign policy? Finding that there is evidence for both theses, we provide a framework to explain this. We propose theorising party-state/SOEs relations using the concepts of state transformation and regulatory statehood. We show that the Chinese state’s fragmentation, decentralisation and internationalisation since the late 1970s has substantially increased SOE autonomy and weakened but also transformed the executive’s control, reconfiguring it towards a regulatory mode of governance. Party-state/SOEs relations are thus characterised not by direct command and control but weak oversight and ongoing struggles within the party-state. We illustrate this using a case study of China Power Investment Corporation and its Myitsone hydropower dam project in Myanmar. Here, a central SOE clearly defied and subverted central regulations, profoundly damaging Sino-Myanmar state-to-state relations. Party-state authorities are now struggling to rein in this and other central SOEs
Autonomy · Beijing · Business · Capitalism · China · Corporate governance · Corporation · Decentralization · Dominance (genetics · Economic system · Economics · International trade · Internationalization · Management · Market economy · Political economy · Political science · Politics · State (computer science · State capitalism · Asian Geopolitics and Ethnography · International Development and Aid · Law · Socioeconomic Development in Asia
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| Unique citing works | 71 |
|---|---|
| Citations per year | 7,89 |
| Citation span | 2017 - 2026 (10) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 70 |