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The Performance of China's Industrial Enterprises

The Performance of China's Industrial Enterprises Coal mining has been one of the biggest loss-making sectors among China'sstate-owned enterprises (SOEs), and the performance of the industry might thus throwlight on broader questions of enterprise performance during China's reformperiod. After outlining the overall financial performance of coal mining SOEs, thearticle examines the medium- and long-term influences on the performance of coalmining enterprises in four major categories—those relating to governmentpolicies, to the market, to the particular nature of coal mining as an extractiveindustry, and to internal enterprise operation. The article concludes that, up tothe mid-1990s, the state's economic priorities expressed through the fixingof prices were the most important negative influence on coal mining profits. Afterthe incomplete deregulation of prices by 1994, while the government's roleremained important, price competition in the context of more conventional economiccycles became the key influence. This article hopes to add an important industryperspective to a debate that has in the past focused either on the SOE sector as awhole or on individual enterprises or groups of enterprises. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png China Information: A Journal on Contemporary China Studies SAGE

The Performance of China's Industrial Enterprises

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References (155)

Publisher
SAGE
Copyright
Copyright © by SAGE Publications
ISSN
0920-203X
eISSN
1741-590X
DOI
10.1177/0920203X06066499
Publisher site
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Abstract

Coal mining has been one of the biggest loss-making sectors among China'sstate-owned enterprises (SOEs), and the performance of the industry might thus throwlight on broader questions of enterprise performance during China's reformperiod. After outlining the overall financial performance of coal mining SOEs, thearticle examines the medium- and long-term influences on the performance of coalmining enterprises in four major categories—those relating to governmentpolicies, to the market, to the particular nature of coal mining as an extractiveindustry, and to internal enterprise operation. The article concludes that, up tothe mid-1990s, the state's economic priorities expressed through the fixingof prices were the most important negative influence on coal mining profits. Afterthe incomplete deregulation of prices by 1994, while the government's roleremained important, price competition in the context of more conventional economiccycles became the key influence. This article hopes to add an important industryperspective to a debate that has in the past focused either on the SOE sector as awhole or on individual enterprises or groups of enterprises.

Journal

China Information: A Journal on Contemporary China Studies – SAGE

Published: Jul 1, 2006

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