Reform policy of state-owned enterprises in energy storage industry

What is privatization of state-owned enterprises (SOEs)?

Privatization of State-Owned Enterprises (SOEs) is considered as a subset of liberalization policies, and results in a change in the ownership structure of the company.

Will a new round of SOE reforms accelerate China's growth?

A new round of SOE reforms is currently gathering momentum. As China's three-year action plan for the reform of SOEs (2020-22) has yielded notable results, a new round of reforms will enhance the effectiveness of China's SOEs and accelerate the growth of pioneers in modern industrial chains.

Do state-owned enterprises have a policy burden?

State-owned enterprises (SOEs) possess unique characteristics and play pivotal roles within the economy, necessitating them to bear significant policy burdens. Based on China's A-share listed firms from 2008 to 2021, we empirically analyzed how the policy burden influences SOEs’ capacity for technological innovation.

How do government subsidies affect state-owned enterprises?

Government subsidies and news media coverage constitute the mechanism of action. This impact is stronger in central SOEs and competitive SOEs. State-owned enterprises (SOEs) possess unique characteristics and play pivotal roles within the economy, necessitating them to bear significant policy burdens.

Do policy burdens promote innovation in state-owned enterprises?

Policy burdens promote innovation in state-owned enterprises. The scale and quality of innovation have been examined. Government subsidies and news media coverage constitute the mechanism of action. This impact is stronger in central SOEs and competitive SOEs.

How did China reform the state sector?

Two new strategies were implemented in the reform of the state sector: (1) creation of bigger and stronger SOEs to expand beyond China's borders; (2) expansion of SOEs (predominantly large SOEs), but at the expense of the private sector, concurrently benefitting from the support of a government fiscal stimulus package of 4 trillion RMB yuan.