ABSTRACT
This chapter discusses the political development of China’s state assets management system as China accelerates its integration into the global economy. The state’s capacity in governing state-owned enterprises is not diminished; rather, it has been reconstructed to better accommodate to both internal control and external supervision. After seventeen years of reorganising and regrouping, a team of powerful and successful central state-owned enterprises has been formed and is becoming the pioneer in supporting the state’s grand strategy of Belt Road Initiatives in the ‘New Era’. This chapter studies the change and continuity of the state-owned enterprises governance system. It explores whether potential institutional challenges could be mitigated and questions whether the governance mechanisms deployed by the central state can be effective in a highly globalised economic environment. It contributes to the broader discussion of the state and market relationship in the global neoliberal market context.
