China's SOE Reform: Survival vs. Prosperity, Which Path Will Prevail?
The article discusses the reform of China's state-owned enterprises (SOEs) in two stages. The first stage focuses on giving SOEs more decision-making power to survive market competition, while the second stage aims to create a better structure and direction for the state-owned economy by adjusting property rights. The choice between these two stages will determine the success of the SOEs' reform.