The commanding heights

Article Abstract:

China's state-run firms, as exemplified by the Wuhan Iron And Steel Co, are plagued by over-staffing, high administrative costs, and other inefficiencies. Most private firms, such as Wuhan Cityford Dyeing and Printing, have fewer employees but are more profitable.

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Condemned to live China's great contradiction

Article Abstract:

China is trying to balance its socialist ideals with market economics in its government-owned businesses, to little or no avail. Virtually all of them are now losing money as their output falls and they are unable to lay off workers.

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The longer march

Article Abstract:

Reform of state-owned companies in Chian appears likely, though the task is likely to be a long term one.

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