| Abstract |
"The U.S. China Economic and Security Review Commission released an analysis of state-owned enterprises (SOEs) and state capitalism in China. It shows that the economic reality in China is state control, not capitalism. China's breathtaking economic growth, has often led observers to assume that the country's economic system has been transformed into a capitalist economy dominated by private enterprise. Although China's reliance on private enterprise and market-based incentives has been growing, and the Chinese Communist Party (CCP)'s treatment of private enterprises and entrepreneurs has been changing, it would be a mistake to minimize the current role of the State and the CCP in shaping economic outcomes in China and beyond. The Chinese government and SOEs remain potent economic forces. Indeed, some of China's SOEs are among the largest firms in China and the world. They are major investors in foreign countries. They have been involved in some of the largest initial public offerings in recent years and remain the controlling owners of many major firms listed on Chinese and foreign stock exchanges."--Summary. |
| General note | "October 2011." |
| General note | GPO Cataloging Record Distribution Program (CRDP). |
| Bibliography note | Includes bibliographical references. |
| Source of description | Description based on online resource, PDF version; title from title page (USCC, viewed July 20, 2021). |
| GPO item number | 1089 (online) |
| Govt. docs number |
Y 3.2:C 44/C 11 |
