March 28, 1997

Chinese Leadership Endorses Employee Ownership

NCEO founder and senior staff member

In the Chinese version of the State of the Union address, China's premier Li Peng has given his approval for reforms of state-run enterprises, including allowing employees to own stock in their companies. According to reports from China we have received, this could lead to large-scale privatization of "small" enterprises through employee ownership. In China, "small" can include businesses with thousands of employees.