ABSTRACT
This chapter examines how the relations between the Party and central state-owned enterprises have evolved as the economic governance system in China shifts away from bureaucratic administration to more complex forms of ownership, regulation and control. It analyzes the Party’s roles in organizational entrepreneurship and leadership talent management in China’s central state corporatism. The reform of China’s state-owned enterprise sector has been shaped by the Party-state’s multilayer governance structure. China has maintained a large central state-owned enterprise sector since the late 1950s when all large-scale industrial production and finance in mainland China were consolidated into a handful of vertical administrative bureaucracies under the Party’s control. However, as the Chinese economy is moving toward a more mature phase of development, the pattern of Party–business relations should undertake a new transition as well.
