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- W2390726540 abstract "The causes of difficulties to vigorously develop state-owned enterprises (SOE) are: financial system was transferred from production and construction into debt after changes of national income distribution, SOEs lose capital inflow, and banks' inflow capital become high debt model and later on involved financial risk; cost of wage increase and rate of capital profit decrease are appeared in SOEs, uprising of surplus labor cost erodes profit that makes SOEs to be difficulty to remain; enterprises run by party, administrative, social institutions or society run by enterprise lead to high cost of the system, and internal consumption of much social cost; multiple representatives of owners to people who run affairs do not manage personnel while people who manage personnel do not run affairs, the authority, responsibility and risk to be undertaken are incongruous. Enterprise reform started from deregulation and profit-remained, although separation from ownership and management enlarged enterprise's authority, the effective owners do not exist, more and more non-responsible representatives are come out. Later on, reform of multiple investors carried out, hopefully external resources would build owners, but the outcome is unsuccessful. From the strategic point of view, section of state-owned economy should be concentrated and socialized and should be withdrawn from many industries. However, resources currently occupied by SOEs account for over 70% of the total social businesses. Moreover, state-owned economy is impossible to be transferred during the short period. So it is necessary to build an effective investor system-operator restriction and balance during the period of transformation in order to make SOEs play an important role in the national economy." @default.
- W2390726540 created "2016-06-24" @default.
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- W2390726540 date "2002-01-01" @default.
- W2390726540 modified "2023-09-28" @default.
- W2390726540 title "Causes and Framework of Investor System in China's State-owned Enterprises" @default.
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