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Critique internationale
Presses de Sc. Po.

I.S.B.N.2724630564
236 pages

p. 173 à 187
doi: en cours

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no 32 2006/3


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Quelle restructuration des PME d’État en Chine ?

Jean-François Huchet
Résumé de l'article
I n Chinese politics privatization has never been fully acknowledged the way it has in Eastern Europe or the countries of the former Soviet bloc. Yet it has been one of the major orientations in the restructuring of Chinese state enterprises since 1994. The results are highly contrasting and depend primarily on the competitive and institutional environments in which these privatizations were carried out. Privatization has produced mediocre results (particularly when shares were sold to employees in companies where skills and internal controls have improved little) when carried out in a non-competitive environment with weak legal, bureaucratic, fiscal and banking institutions to support a market economy. For this reason, in the western, northeastern and inner provinces where the public sector still dominates, the central government must now step in more firmly to accelerate reforms in social welfare, commercial banking and the legal environment so as to improve the efficiency of programs to restructure small- and mediumsized state companies. On the other hand, in the coastal provinces, widespread greenfield investments have been a decisive factor in the rapidity and efficiency of the privatization process of small- and medium-sized state companies.
Plan de l'article
• Les différentes modalités de restructuration des PME d’État
• L’impact des restructurations sur le comportement des firmes
• Des différences régionales importantes


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