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UGF Conference Suite Core C, ANZ Centre 833 Collins Street, Docklands, Melbourne
The East Asian Bureau of Economic Research and ANZ launch the latest issue of the East Asia Forum Quarterly, ‘The state and economic enterprise’.
This issue looks at the nature of China’s state-owned enterprises as well as their impact on global investment and the role of state enterprises in other Asian economies at difference stages of development.
The first step in understanding Chinese state-owned enterprises is the distinction that we need to make between the giant, central SOEs dominating strategic industries from Beijing and the tens of thousands of provincially and locally owned SOEs. While SOEs remain a prominent feature of the Chinese economy, they now account for only 30 per cent of industrial output and even the huge central SOEs are supposed to run at arm’s length from the state.
Market competition and the corporatisation and privatisation of many lossmaking SOEs in the 1990s have seen the environment in which they operate
change dramatically. That seems the way of the future.
This public forum is presented by the East Asian Bureau of Economic Research at Crawford School of Public Policy, The Australian National
University, and is supported by the ANZ.
Further information about the East Asian Bureau of Economic Research: www.eaber.org