China’s Enterprise Reform and Internationalization with Reference to the Economy of Peru
Guy, L. (2017). China’s Enterprise Reform and Internationalization with Reference to the Economy of Peru. In International Conference: Reform and Internationalization of Chinese Companies and Relations with Latin America and Peru (No. 2017–1; Documentos de Conferencia del Centro de Estudios Sobre China y Asia-Pacífico de la Universidad del Pacífico). https://cechap.up.edu.pe/wp-content/uploads/6.-Liu-Guy.pdf
In this publication, which is part of the International Conference organized by our Center and with the cooperation of the Association of Chinese Companies in Peru called “Reform and Internationalization of Chinese Companies and Relations with Latin America and Peru ”, in December 2017, the research of Professor Liu Guy, Ph.D., Senior Professor and Director of the United Kingdom Campus of Peking University HSBC Business School is very detailed. In his presentation, Professor Liu explains that the Chinese business sector is currently in a stage of change that mainly affects state-owned companies, which stands out within the context of China’s slowdown. Privatization of state-owned companies is also a determining factor to consider, given its influence on the decisions of the main stakeholders of Chinese business. His research sorts out that a reform oriented towards privatization interacts with other problems such as compensation to workers or the inequality scenario where state-owned companies represent 1% of all companies in China, but control 30% of all assets . Regarding the challenges that this fourth reform of state-owned companies brings, he affirms that these include five aspects: (i) mixed ownership of certain companies, (ii) adjustment in corporate governance, (iii) cuts in productive overcapacities , (iv) internationalization, and (v) anti-corruption campaigns.