Book contents
- Reviews
- The Arc of the Chinese Economy
- The Arc of the Chinese Economy
- Copyright page
- Dedication
- Contents
- Figures
- Tables
- Contributors
- Foreword
- Acknowledgments
- Abbreviations
- 1 The Arc of the Chinese Economy
- 2 China’s Productivity Challenge
- 3 Innovation in China
- 4 When the Abundance Ends
- 5 Derisking Real Estate in China’s Hybrid Economy
- 6 State Ownership in China
- 7 China’s Journey in Embracing Economic Openness
- 8 RMB Internalization and Digitization
- 9 The Political Economy of Common Prosperity
- 10 The “Summer of 2021” and the Trajectory of China’s Economic System
- 11 China’s Coming Era of Slow Growth
- Index
- References
6 - State Ownership in China
An Equity Network Perspective
Published online by Cambridge University Press: 30 October 2025
Book contents
- Reviews
- The Arc of the Chinese Economy
- The Arc of the Chinese Economy
- Copyright page
- Dedication
- Contents
- Figures
- Tables
- Contributors
- Foreword
- Acknowledgments
- Abbreviations
- 1 The Arc of the Chinese Economy
- 2 China’s Productivity Challenge
- 3 Innovation in China
- 4 When the Abundance Ends
- 5 Derisking Real Estate in China’s Hybrid Economy
- 6 State Ownership in China
- 7 China’s Journey in Embracing Economic Openness
- 8 RMB Internalization and Digitization
- 9 The Political Economy of Common Prosperity
- 10 The “Summer of 2021” and the Trajectory of China’s Economic System
- 11 China’s Coming Era of Slow Growth
- Index
- References
Summary
This chapter introduces a novel measure of state-owned enterprises (SOEs) in China using an equity network perspective. Leveraging a comprehensive firm registration dataset from SAIC, the authors construct dynamic ownership trees that trace direct and indirect government control from central, provincial, and city levels. By setting various ownership thresholds (100 percent, 50 percent, 30 percent, 10 percent, and >0 percent), the new measure reveals a substantially larger pool of SOEs than traditional self-reported indicators from the Annual Industrial Survey. The analysis uncovers systematic misreporting issues in existing definitions and demonstrates trends in state ownership, including a shift toward decentralization and increased indirect control over time. The findings offer fresh insights into the structure of China’s state capitalism and the evolving role of government in the economy, laying a robust foundation for future research on the economic impact of state ownership in China.
Keywords
Information
- Type
- Chapter
- Information
- The Arc of the Chinese Economy , pp. 156 - 191Publisher: Cambridge University PressPrint publication year: 2025
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