ZHANG Xin:The Crux of Chinese State-owned Enterprises Reform——An Analysis Under the Framework of Karl Marx's Das Kapital

Abstract：This article analyzes the reform of Chinese SOEs with the framework set up in Das Kapital, and concludes that the essence of SOE problems is “capital” matter. Due to the unique property, which we called “contra-personification”, of state-owned capital, “government-capital mess” is the root of this issue. Thus, this article scrutinizes into how “government-capital separation” can be achieved by presenting steps at government, nation, government unit levels and finally in the form of the third public finance. Policy solutions are also discussed accordingly.

Key words： State-owned Enterprises    State-owned Capital    Government Unit    The Third Public Finance

source:Finance & Trade Economics ,No.7,2014