大二综合英语教学资料：ContentServer1.pdfVIP

Yunhua Liu Nanyang Technological University Economic A Comparison of China’s State-Owned Enterprises and Development, h eir Counterparts in the United States: Performance and Public Budgeting, and Fiscal Regulatory Policy Administration Yunhua Liu is an associate professor in h e stability of the Chinese economy during the recent (under diff erent levels of government control), and the School of Humanities and Social Sci- world economic crisis has attracted global attention. the value-added output of SOEs accounted for 15.5 ences at Nanyang Technological University (Singapore) and a senior research fellow at h is essay examines the role of state-owned enterprises percent of the national total (see table 3). the China Research Center for Public Policy, in China’s continued successful economic expansion. China National Council for Development By comparing these enterprises’ performance with Starting in the new century, the performance of and Reform. His research interests include the Chinese economy, urban economics, contemporary regulatory policies governing their China’s SOEs improved steadily across a wide range of and trade in East Asia. American counterparts, the author, Yunhua Liu of standards, especially with respect to profi tability and E-mail: ayuliu@.sg Nanyang Technological University, fi nds that China’s fulfi llment of social responsibility. h e central govern- strategy trumps that of the United States and concludes ment now controls 147 large SOEs in key industries, that in a transitional, developing economy, the existence which generated 80 percent of the total profi t of all of sta