Forging Reform in China: The Fate of State-Owned Industry
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Edward S. Steinfeld
The first part of Edward Steinfeld's book is a clear statement of the many problems facing state-owned industry in China and the ways in which they need to be reformed.
Steinfeld opposes both those who see privatisation as the only way to restructure state-owned enterprises and also those who propose to avoid the pain of restructuring by relying on rapid economic growth.
The second part of the book consists of microstudies of three major iron and steel companies that exemplify the challenges facing state-owned industry.
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China’s Sinopec has “golden opportunity” to expand oil assets in Angola
Johannesburg, South Africa, 6 Sept - Chinese state oil company Sinopec currently has a “golden opportunity” finally to expand its assets in Angola, getting closer to the positions held in the country by the large multinationals, said analyst Ana Cristina Alves.
After a long stalemate, the analyst said in the most recent edition of the China Monitor of the Centre for Chinese Studies at Stellenbosch University, this opportunity has emerged via the new tender for oil blocks, which is due to take place at the beginning of next year.
The Chinese company has pre-qualification for the long-awaited tender as an operator and Sonangol Sinopec International as a non-operator. [ more ] |
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