Biweekly Symposium No. 564: China’s Big-Scale State-Owned Enterprise Reform: An Analytical Framework for Market Leninism
Lecturer: SHEN Huangnan
Host: QIN Sidao
Commentators: GAO Minghua, ZHOU Fangsheng, XU Jianming
Dr. SHEN Huangnan reviewed the big-scale state owned enterprise institution that emerged after 1954 on the basis of Soviet Union fashioned public ownership. He raised the questions of policy-related burdens, internal control related ambiguous property rights, and strategic burden issues of the SOEs. He illustrated that the existence of China’s SOEs were a manifestation of market Lenninism. There are three features of this dogma: price control by the government; double policy-related burden of the SOEs; and strong incentives of empire-building by the executives of the SOEs.
This session was moderated by Professor QIN Sidao. Professor GAO Minghua, Professor ZHOU Fangsheng, and Professor XU Jianmign commented afterwards.