Policy Meeting: Current Policy Dynamics on State-Owned Enterprises and Private-Owned Enterprises

  • Date
    18 July 2023
  • Beijing Time
    09:00 - 10:30
  • Brussels Time
    03:00 - 04:30
  • Location
  • Venue
  • Open to
    Stakeholders Only
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Following the abandonment of zero-COVID policies and the re-opening of China, we have seen a flurry of commitments from Chinese policy-makers, starting with Premier Li Qiang, vowing support for the private sector. Meanwhile, as the latest three-year action plan for the reform of state-owned enterprises (SOEs), the State-owned Assets Supervision and Administration Commission (SASAC) announced new measures geared towards continuing this reform. How have the economic and policy developments in the past years affected the dynamics between SOEs and private-owned enterprises (POEs)? How are each of them faring under the current post-zero-COVID environment? And to what extent have the commitments by policy-makers translated into concrete actions?

The EU SME Centre and the European Chamber are pleased to invite you to join our upcoming Policy Meeting, where Nicholas Lardy, non-resident Senior Fellow at the Peterson Institute, and Ran Tao, professor in the School of Humanities and Social Science at the Chinese University of Hong Kong, Shenzhen (CUHK), will discuss the various aspects of the current SOE-POE policy dynamics in China. The meeting will take place on Tuesday 18 July from 9:00-10:30 online. The meeting will be off-the-record and held under Chatham House rules.

How to Register

This is a closed meeting open to consortium partners’ management and relevant stakeholders of EU SME Centre Phase IV including European embassies, consulates, EU-funded projects and secretariat/board members from European chambers or business associations only. If you meet the criteria and would like to attend, please send your information by email to Ms Caroline Wang before Monday 17th July noon. You will receive a confirmation email and later on the Zoom link.

Agenda (Beijing Time)

09:00 – 09:10

Opening Remarks

09:10 – 10:00

Presentations by Nicholas Lardy and Ran Tao

10:00 – 10:30

Discussion and Q&A

Nicholas Lardy
Peterson Institute Nonresident Senior Fellow

Nicholas R. Lardy, nonresident senior fellow at the Peterson Institute, is an expert on the Chinese economy. He was the Institute’s Anthony M. Solomon Senior Fellow during 2010–21. He joined the Institute in March 2003 from the Brookings Institution, where he was a senior fellow from 1995 until 2003. Before Brookings, he served at the University of Washington, where he was the director of the Henry M. Jackson School of International Studies from 1991 to 1995. From 1997 through the spring of 2000, he was also the Frederick Frank Adjunct Professor of International Trade and Finance at the Yale University School of Management.

Lardy’s most recent books are The State Strikes Back: The End of Economic Reform in China? (2019), Markets over Mao: The Rise of Private Business in China (2014), Sustaining China’s Economic Growth after the Global Financial Crisis (2012), The Future of China’s Exchange Rate Policy (2009), and China’s Rise: Challenges and Opportunities (2008). In 2006, he contributed chapters on China’s domestic economy and China in the world economy to China: The Balance Sheet (Public Affairs, 2006). In 2004, he coauthored Prospects for a US-Taiwan Free Trade Agreement with Daniel Rosen. His previous book, Integrating China into the Global Economy, published in January 2002, explores whether reforms of China’s economy and its foreign trade and exchange rate systems following China’s WTO entry will integrate it much more deeply into the world economy. In September 1998, he published China’s Unfinished Economic Revolution, a study that evaluates the reform of China’s banking system and measures the economic consequences of deferring reform in the state-owned sector. Some of his other publications include: Debating China’s Exchange Rate Policy (2008); China: Toward a Consumption-Driven Growth Path (Peterson Institute for International Economics Policy Brief 06-6, October 2006); China’s Role in the Revived Bretton Woods System: A Case of Mistaken Identity with Morris Goldstein (Peterson Institute for International Economics Working Paper 05-2, March 2005); What Kind of Landing for the Chinese Economy? with Morris Goldstein (Policy Brief 04-7, 2004); “China and the Asian Contagion,” Foreign Affairs 77, no. 4 (July/August 1998); “The Role of Foreign Trade and Investment in China’s Economic Transformation,” China Quarterly, no. 144 (December 1995); China in the World Economy (1994); “Chinese Foreign Trade,” China Quarterly, no. 131 (September 1992); Foreign Trade and Economic Reform in China, 1978–1990 (Cambridge University Press, 1992, paperback, 1993); Agriculture in China’s Modern Economic Development (Cambridge University Press, 1983); and Economic Growth and Distribution in China (Cambridge University Press, 1978).

Lardy is a member of the Council on Foreign Relations and of the editorial boards of Asia Policy and the China Review.

He received his BA from the University of Wisconsin in 1968 and his PhD from the University of Michigan in 1975, both in economics.

Ran Tao
CUHK Shenzhen Professor

Ran Tao is a professor in the School of Humanities and Social Science at CUHK (Shenzhen). He served as a professor in the School of Economics at Renmin University of China based at Beijing since 2009. A specialist on China’s political economy and transition, he has published 48 English articles on economics, political science and sociological, demographic and geographical journals and over 60 articles on Chinese core social science journals. His research topics range from the political economy of China’s economic transition, land development and migration in China’s urbanization, urban redevelopment, to village election, local governance and public finance in China.

He was selected as the top Elsevier Highly Cited Chinese Researchers in the field of Theoretical Economics for the years of 2020 and 2021. He is currently serving in the editorial board for Oxford Development Studies. His coauthored paper published on American Journal of Sociology (Volume 122 Number 6, May 2017) has won the Distinguished Contribution to Scholarship Article Award (Best Published Article Award) in Collective Behavior & Social Movements by the American Sociological Association. His research has been funded by two Chinese National Science Foundation large grant programs and one Chinese National Social Science large grant program. He has frequently consulted the Chinese central government and local governments on land reform and urban development.

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