著者

市川 衛門

出版者

日本大学

雑誌

産業経営研究 (ISSN:02874539)

巻号頁・発行日

vol.19, pp.51-59, 1997-03

---

The reform of China's state-owned companies: Of the 100 large and medium sized enterprises decided on as models for reform in 1994, 95 companies had their reform implementation plans approved during 1996. Of these, approximately 80% were entirely government owned stock companies, and fewer than 20% were joint stock companies. Loss-making state enterprises are numerous, and they are subsidized by profitable firms. Profits are few, and 20 million, or one out of three workers, are superfluous. The figure for these surplus workers' salary is roughly equivalent to state farms' total profits. Due to the inadequacy of the social security system, the separation of housing, schools, hospitals and such from companies is not progressing, leaving state firms not very solvent and dependent on bank loans, and it will take several years to clear these debts. Ultimately, it is banks that must shoulder the burden of bankrupt firms. It has been decided that Rural Agricultural Cooperatives should be converted to regional banks (funded by farmers and rural people), but with the modernization of agriculture and agricultural processing, the concentration of labor in agricultural industry, and the rapid growth of transportation and construction firms, there is much interest in whether the financial system can adapt and move forward effectively or not.