Huang, Qunhui; Jing, Yu - In: China political economy 2 (2019) 2, pp. 201-214
output of state-owned enterprises shows a declining trend. Over the past decade, on one hand, the operational efficiency of … state-owned enterprises has tended to be low as compared to other ownership enterprises; on the other hand, the asset …-liability ratio of state-owned enterprises has risen against the trend, and still remains high under the recent national policy of …