中国民营企业发展专题报告（英）-彼得森经济研究所-2022.3-99页.pdf

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1、1750 Massachusetts Avenue, NW | Washington, DC 20036-1903 USA | +1.202.328.9000 | WORKING PAPER22-3 The Private Sector Advances in ChinaThe Evolving Ownership Structures of the Largest Companies in the Xi Jinping EraTianlei Huang and Nicolas Vron Assisted by David XuMarch 2022ABSTRACTThis paper docu

2、ments recent structural changes in Chinas corporate landscape, based on company-level data, providing a complementary perspective to that of official Chinese statistics. We classify Chinas largest companies by revenue since 2004 (based on Fortune Global 500 rankings), and largest listed companies by

3、 market capitalization since 2010, into state and private-sector categories, using a conservative definition of the private sector. Among the largest companies by revenue, the private sector was nonexistent in the mid-2000s but has grown steadily in the past decade, even though the state sector still dominates. The aggregate revenue of private-sector companies has grown from zero in Fortunes ranki