The Political Logic of Partial Reform of China’s State-Owned Enterprises

JUN ZHANG, QI ZHANG, AND ZHIKUO LIU

ABSTRACT

By exploring the composition of the Cinese Communisty Party’s Central Committee since the 1990s, we analyze why state-owned enterprises reform has fallen into a partial reform equilibrium. We argue that two hypotheses, the interest group hypothesis and the adaptive power-sharing hypothesis, should be combined to fully comprehend the partial reform equilibrium symptom.

KEYWORDS:

State-owned enterprises, Partial reform, Central Committee, Interest group, Adaptive power-sharing