Huang, Qunhui; Jing, Yu - In: China political economy 2 (2019) 2, pp. 201-214
Purpose In the 40 years of reform and opening-up toward a more rational micro-economic structure, the proportion of 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...