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Opinion: China Might Be Able to Reform Its Way Out of SOE Restrictions in CPTPP Trade Pact

2020年12月02日 18:24 来源于 财新网
If reforms continue, Beijing could dramatically reduce the number of state firms that meet the trade agreement’s definition
SOEs are a sticking point for China if it wants in on the CPTPP trade pact, but it might be able to reform its way out of the problem.

Zhang Chunlin is lead private sector development specialist at the World Bank Group’s Trade and Competitiveness Global Practice.

The Comprehensive and Progressive Trans-Pacific Partnership (CPTPP) trade agreement, while containing rather strict disciplinary requirements for state-owned enterprises (SOEs) in its Chapter 17, also limits their scope in several ways. In addition to the exceptions and exemptions, the definition of SOEs is an important part of the delimitation of the scope of application. If China continues stepping up its efforts to reform SOEs in fully competitive sectors, the number of enterprises that meet the CPTPP’s definition of SOEs could be reduced dramatically.

版面编辑:喻竹杨洋
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