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Ash, Robert and He, Liping (1998) 'Loss‐making and the financial performance of China's industrial enterprises: Data from the new accounting and statistical system.' Journal of Contemporary China, 7 (17). pp. 5-20.

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Abstract

Massive losses and falling profitability in China's state‐owned industries have attracted widespread attention in recent years. This paper, based on data from China's new industrial accounting and statistical system, examines the performance of these industries from two perspectives. The first is the comparative performance of state enterprises under central and regional control. The second is the way in which the enterprises have disposed of pre‐tax profits. The findings suggest that the increasingly competitive environment in which state enterprises have to operate and the transitional nature of their institutional arrangements are major factors which have contributed to the problems which they face. It is further argued that the existence of such problems is likely to be the source of considerable pressure on the future development of China's capital markets.

Item Type: Journal Article
SOAS Departments & Centres: Regional Centres and Institutes > SOAS China Institute
ISSN: 10670564
DOI (Digital Object Identifier): https://doi.org/10.1080/10670569808724301
Date Deposited: 25 Feb 2018 14:54
URI: https://eprints.soas.ac.uk/id/eprint/25518

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