RAISING COMPETITIVENESS THROUGH REFORM: Xi Jinping Thought guides the governance of China’s state-owned enterprises
By Busani Ngcaweni:
A worker installs components on the assembly line of state-owned new energy vehicle brand Voyah in Wuhan, Hubei Province, on 9 April (Image: Xinhua)
The governance of state-owned enterprises (SOEs) has long been central to political and institutional economic debates. Critics often associate SOEs with inefficiency, rent-seeking and dogma, treating them as relics of command economies. Yet in many developmental states, they have been engines of industrialisation, technological progress and national resilience. China provides perhaps the most striking example. Its SOEs have survived and evolved, some becoming globally competitive multinationals in energy, infrastructure and telecommunications.
Chinese President Xi Jinping’s writings, contained in five ...
