Thirty Years of Turbulence - Chinese Enterprises

作者：admin  点击次数：5  发布时间：2026-04-27

In many places such as Hebei and Shandong, "economic alliances" have emerged, where state-owned enterprises subcontract some of their businesses to township enterprises through contracting or joint ventures, forming a pattern of alliances. This behavior, which was previously prohibited, has suddenly been encouraged and is considered a win-win strategy. Through joint ventures, state-owned enterprises can reduce costs and even directly benefit from the paid use of their brands. For township enterprises, they have gained market access and assistance in talent, brand, technology, and other aspects. Of particular importance, the joint venture method also circumvents many national policy regulations. Joint venture factories can obtain strategic materials from the country, enter previously prohibited industries, and even conduct various businesses as state-owned enterprises.

Joint ventures are seen as a new prescription for state-owned enterprises to gain vitality, and in this year, the government's enthusiasm for joint ventures is surprising. Quan Shuren, secretary of Liaoning Provincial Party Committee, proposed in the newspaper to "break the ideological resistance and promote horizontal association". He criticized some state-owned enterprises for "being eager to form their own system, being wary in the association and staying behind; lacking strategic vision, taking association as an expedient measure; striving to be the leader, unwilling to be a supporting role; afraid that their power and interests will be reduced". This voice has played a strong driving role in the large-scale attempts of the alliance. In many places, the number of joint ventures has become a political indicator to measure whether there has been progress in corporate reform.