From state-owned enterprises to world class competitors: China's competitive transformation.

From state-owned enterprises to world class competitors: China's competitive transformation; Sharon L. Oswald, Jifu Wang and William R. Boulton; Int. J. Entrepreneurship and Innovation Management, Vol. 5, Nos. 3/4, 2005, pp. 332-348.

This paper by management professors from Auburn University

and the University of Houston examines China's transformation of state-owned enterprises (SOEs) into competitive privatized entities. The authors describe the transformation of six Chinese SOEs that have used advanced management systems to make themselves viable, competitive market contenders. Finally, they highlight Chongqing CHN & CHN Ceramics Co., Ltd. (C&C), which they see as well on its way to becoming a leader in the global ceramics market.

They conclude that the companies in the study "all exceeded their own best expectations in operating efficiency after restructuring." Moreover, these successes "would have never been achievable without the pre-competition and regulatory reforms made by the Chinese government. The multi-level reforms of China's privatization effort made it possible for these companies to achieve the position of worldwide marketplace leadership. Perhaps China's rapid transformation to world-class excellence should serve as the standard for future emerging economies," they write.