2015 年 21 巻 p. 167-177
This paper argues about rising state-owned enterprises (SOEs) and state-holding enterprises (SHEs) in China. Most of Fortune Global 500 listed Chinese companies are SHEs. State owned sector average wage is 3.8 times as high as private sector average wage. Market oriented reform is not meaning privatized. China’s SOEs and SHEs enhanced their performance and competitiveness over the past decade. Their performance derives from efficiency rather than their monopoly powers. “Administrative Monopoly”view is not fact. Industrial concentration is not high. Most of SOEs and SHEs are exposed to market competition. But, government provides preferential treatment to SOEs and SHEs, including government procurement. State-owned Assets Supervision and Administration Commission (SASAC) guides efficiency and competitiveness scheme for SOEs and their subsidiaries.