Friday, August 28, 2009

China Stakes on SOE Corporate Governance

ChinaStakes, a fantastic Shanghai-based political economy site that I follow daily, has posted a commentary on a recent People's Daily article that asserts the importance of Communist Party leadership in state-owned enterprises.

I somehow managed to miss this People's Daily commentary, so I am happy that ChinaStakes has highlighted it for us. If there has been any doubt as to the role of the Party in China's SOE, People's Daily makes it crystal clear: SOEs exist to serve the political aims of the party. Any economic goals are only secondary.

You can read the entire ChinaStakes post here.