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The Political Economy of State-owned Enterprises in China and India

Part of the International Political Economy Series Book Series

Editors: Yi-chong, Xu

DOI: 10.1057/9781137271655

ISBN: 978-1-349-34809-1

Publisher: Palgrave Macmillan UK - Springer Journals

Oct 31, 2015

1 - 10 of 11 Chapters

Available

The Political Economy of SOEs in China and India

Yi-chong, Xu

Pages: 1 –18

[China and India have attracted overwhelming attention lately not only because of their fast economic growth but also because of their idiosyncratic patterns of development, which are not always easy to categorise. They have not followed the same development path as those countries which...
Available

The Shenhua Group: A Giant Made in a Decade

Zhao, Jianping; Yi-chong, Xu

Pages: 19 –46

[Compared with other state-owned enterprises reviewed, the Shenhua Group has the shortest history — it was created only 15 years ago — yet it is now the largest coal producer in the world. It has been built into a large integrated corporation with operations in coal mining, rail, port, power...
Available

Coal India Limited: The Last One Standing

Yi-chong, Xu

Pages: 47 –68

[Two features have characterised the Indian coal industry: centralisation and state ownership. Both have their historical reasons. Centralisation originated in the late eighteenth century when the East India Company was granted a licence to start coal mining in the Raniganj Coalfield along the...
Available

China’s Oil Industry: ‘Corporate Governance with Chinese Characteristics’

Taylor, Monique

Pages: 69 –93

[Through a process of gradualist reform, China’s national oil companies (NOCs) — China National Offshore Oil Corporation (CNOOC), China National Petroleum Corporation (CNPC) and China Petroleum and Chemical Corporation (Sinopec) — have been transformed into globally competitive state-owned...
Available

Old Jewels in New Boxes? India’s Major Public Sector Petroleum and Natural Gas Exploration and Production Enterprises

De, Supriyo

Pages: 94 –127

[State-owned petroleum and natural gas companies are quite prevalent in many emerging economies. Besides companies in China and India, Petronas of Malaysia and Petrobras of Brazil are prominent examples. These companies are often large and dominate the economic landscape, not just within their...
Available

The State Grid Corporation of China

Yi-chong, Xu

Pages: 128 –150

[Until the late 1980s, it had been accepted that network industries such as electricity, telecommunications, rail, water supply and natural gas were vertically and horizontally integrated, owned and managed by publicly-owned monopolies under ministerial control. The state ownership and vertically...
Available

National Thermal Power Corporation: Power in Public Enterprises

Narayan, S.

Pages: 151 –176

[As in most countries before deregulation and unbundling became fashionable in the 1990s, India’s electricity supply industry was dominated by public sectors, and it has remained so ever since. Unlike most countries, however, especially China where the electricity sector has always been...
Available

The Baosteel Group: A National Champion Among National Champions

Wilson, Jeffrey D.

Pages: 177 –201

[Compared with many of the Chinese and Indian state-owned enterprises examined in this volume, the institutional and competitive position of the Baosteel Group is somewhat unique. First, Baosteel stands out as one of the major success stories of recent Chinese state-owned enterprise (SOE) reform....
Available

SAIL: Sailing or Stumbling?

Palit, Amitendu

Pages: 202 –219

[The motto of the Steel Authority of India Limited (SAIL) — There is a little bit of SAIL in everybody’s life — is one of the catchiest to dominate advertising space in India’s print and audio-visual media for several years. And the claim is reasonably correct. As India’s largest steel...
Available

A State Enterprise in China’s Capitalist Transformation: The Bank of China

Liew, Leong H.

Pages: 220 –246

[This chapter examines the role of a Chinese state-owned enterprise — the Bank of China (BOC) — in China’s capitalist transformation. Although the barriers to entry into China’s banking sector are being dismantled and state-owned commercial banks (SOCBs) now have nonstate — including foreign —...

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