The Political Economy of State-owned Enterprises in China and India

[Description]

 China and India are drawing attention, both for their fast economic growth but also their idiosyncratic patterns of development. They have not followed the same development path as those which had industrialised in the 19th and first half of the 20th century; neither have they trotted along exactly the same route as those so-called 'Asian-tigers'. One stand-out feature of their development, however, is their state-owned enterprises or public sector, which continue to dominate strategic sectors. Often holding monopolistic or oligopolistic positions, they are among the largest employers in both countries and have their activities across vast geographical areas in most provinces as they expand into the global market. They are seen as the exemplars of the Chinese 'Red Capitalism', the 'capindialism' or Indian 'state-backed capitalism'. This book discusses ten SOEs in China and India, focusing on institutional, operational and sustainable questions in order to help us better understand the debate over the development paths and 'varieties of capitalism'.

[Content]

 List of Tables and Figures                 vii
Acknowledgements                                   ix
        List of Contributors                       x
        List of Abbreviations                      xi
    1 The Political Economy of SOEs in China       1  (18)
    and India
          Xu Yi-chong
    2 The Shenhua Group: A Giant Made in a         19 (28)
    Decade
          Jianping Zhao
          Xu Yi-chong
    3 Coal India Limited: The Last One Standing    47 (22)
          Xu Yi-chong
    4 China's Oil Industry: `Corporate             69 (25)
    Governance with Chinese Characteristics'
          Monique Taylor
    5 Old Jewels in New Boxes? India's Major       94 (34)
    Public-Sector Petroleum and Natural Gas
    Exploration and Production Enterprises
          Supriyo De
    6 The State Grid Corporation of China          128(23)
          Xu Yi-chong
    7 National Thermal Power Corporation: Power    151(26)
    in Public Enterprises
          S. Narayan
    8 The Baosteel Group: A National Champion      177(25)
    among National Champions
          Jeffrey D. Wilson
    9 SAIL: Sailing or Stumbling?                  202(18)
          Amitendu Palit
    10 A State Enterprise in China's Capitalist    220(27)
    Transformation: The Bank of China
          Leong H. Liew
    11 State Bank of India: The Opportunities      247(26)
    and Challenges of Being a State-Owned Bank
    in India
          Rajesh Chakrabarti
Index                                              273