This book focuses on the nature and significance of China's state
enterprises which have undergone substantial changes since China's
economic liberalization in 1978. It argues that much of the criticism is
based on mistaken premises, where even the term 'state-owned
enterprises' is a misnomer given that the emphasis is much less on
ownership than on control. Using numerous case studies, this book
highlights the extent to which these enterprises have evolved in
response to reforms, and provides an in-depth analysis of their role in
China's outward investment strategy in the "Belt and Road" initiative.
This role speaks to their growing influence as China expands her global
footprint.