China has long dominated the world manufacturing sector by virtue of its low cost labour and China's state-owned enterprises

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Business Environmentinfo_at_answersheets.in91
95030-94040
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• Business Environment
•  
• CASE STUDY (20 Marks)
• China has long dominated the world
  manufacturing sector by virtue of its low cost
  labour and China's state-owned enterprises (SOEs)
  have been the principal drivers of the industry
  by providing the essential raw material-dominating
  the capital-intensive sectors such as power,
  steel, chemicals, machinery, and providing
  employment. Post 1978, China has been making a
  concerted effort to transform its 'planned
  economy' into a 'socialist market economy' by
  restructuring its problem ridden state-owned
  enterprises and making them profitable global
  players.
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• Answer the following question.
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• Q1. Discuss the problems faced by the state-owned
  enterprises in China
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• Q2. Explain the importance of these institutions
  to the Chinese economy

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