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Opinion: How China’s State Sector Has Changed Since the Financial Crisis

2020年01月10日 19:07 来源于 财新网
Policymakers should focus on reforming how state capital is deployed by distinguishing between “policy-oriented” and “return-oriented” goals
Nonfinancial SOEs total assets’ grew by 120 trillion yuan ($17.1 trillion) from 2007 to 2016, but most of the growth took place in sectors that could hardly be considered “strategic.”

In my research into China’s state-owned enterprises (SOEs), I found that the global financial crisis of 2008 and 2009 emerged as a crucial turning point in their behavior going back to the late 1990s, when the central government overhauled the state sector.

版面编辑:喻竹杨洋

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