This book focuses on the nature and significance of China's state
enterprises which have undergone substantial changes since China's
economic liberalization in 1978. It argues that much of the
criticism is based on mistaken premises, where even the term
'state-owned enterprises' is a misnomer given that the emphasis is
much less on ownership than on control. Using numerous case
studies, this book highlights the extent to which these enterprises
have evolved in response to reforms, and provides an in-depth
analysis of their role in China's outward investment strategy in
the "Belt and Road" initiative. This role speaks to their growing
influence as China expands her global footprint.
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