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Cited by 195China's Socioeconomic Reforms and GovernanceInternational Business and FDIState Capitalism and Financial Governance

The DOI matches its Crossref record; 55 of the 55 references it cites were found in a registry or an index.

Rethinking the Role of State-owned Enterprises in China’s Rise

Jones, Lee, Zou, Yizheng·2017·New Political Economy
DOI 10.1080/13563467.2017.1321625
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Abstract

The massive overseas expansion of Chinese state-owned enterprises (SOEs) is a central aspect of China’s ‘rise’ to great-power status. There is significant disagreement, however, over how to interpret SOEs’ role. Are they instruments of Chinese statecraft, being directed purposefully from Beijing as part of a ‘grand strategy’? Or are they relatively autonomous, profit-maximising businesses, their free-wheeling behaviour often undermining Chinese foreign policy? Finding that there is evidence for both theses, we provide a framework to explain this. We propose theorising party-state/SOEs relations using the concepts of state transformation and regulatory statehood. We show that the Chinese state’s fragmentation, decentralisation and internationalisation since the late 1970s has substantially increased SOE autonomy and weakened but also transformed the executive’s control, reconfiguring it towards a regulatory mode of governance. Party-state/SOEs relations are thus characterised not by direct command and control but weak oversight and ongoing struggles within the party-state. We illustrate this using a case study of China Power Investment Corporation and its Myitsone hydropower dam project in Myanmar. Here, a central SOE clearly defied and subverted central regulations, profoundly damaging Sino-Myanmar state-to-state relations. Party-state authorities are now struggling to rein in this and other central SOEs.

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Crossref · 10.1080/13563467.2017.1321625

Cites

55 of 55 references verified0 citation errors · 0 not checkable

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Citations

Cites

Research works printed but not linked: 10

  1. Andrews-Speed P., 2010, The Institutions of Energy Governance in China
  2. Canning C., 2007, Security Challenges, 3, 47
  3. Downs E.S., 2014, China Brief, 6
  4. Guo X., 2007, Towards Resolution: China in the Myanmar Issue
  5. Jiang D., 2012, Journal of International Economic Cooperation, 4, 58
  6. Jiang D., 2013, China Economy Report, 6, 105
  7. Johnson C.K., 2016, President Xi Jinping’s ‘Belt and Road’ Initiative: A Practical Assessment of the Chinese Communist Party’s Roadmap for China’s Global Resurgence
  8. Li X., 2012, Global Review, 2, 15
  9. Wang X., 2011, Supervision in China, 20, 56
  10. Zhang Q., 2013, World Economics and Politics, 117

Cited by

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Metadata

Authors
Jones, L., & Zou, Y.
Affiliations
  • Queen Mary University of London (GB)
  • Shenzhen University (CN)
Corresponding author
Zou, Yizheng
ORCID
Venue
New Political Economy
Publisher
Informa UK Limited
Published
2017-05-03
Volume
22
Issue
6
Pages
743-760
ISSN
  • 1356-3467 (ISSN-L)
  • 1469-9923
DOI
10.1080/13563467.2017.1321625
OpenAlex
W2610527125
Cited by
195
References
55
Citations by year
2026: 15 · 2025: 24 · 2024: 46 · 2023: 18 · 2022: 40 · 2021: 16 · 2020: 14 · 2019: 14 · 2018: 7 · 2017: 1
FWCI
47.88
Type
journal article
Language
en
Open access
closed
Locations
  • New Political Economy (publishedVersion)
  • RePEc: Research Papers in Economics (submittedVersion)
  • Queen Mary Research Online (Queen Mary University of London) (submittedVersion)
Funders
  • Shenzhen University (16QNFC18)
  • China National Social Science Fund (15@ZH009)
  • Australian Research Council (DP1701102647)
Topics
  • Social Sciences › Political Science and International Relations › China's Socioeconomic Reforms and Governance
  • Social Sciences › Business, Management and Accounting › Strategy and Management › International Business and FDI
  • Social Sciences › Business, Management and Accounting › Strategy and Management › State Capitalism and Financial Governance
Keywords
state-owned enterprises, China's rise, party-state governance, state transformation, Sino-Myanmar relations, great power status, Chinese foreign policy

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