High-Ranking Chinese Delegation Meets with U.S. Employee Ownership Experts

Leaders of the Chinese State Commission on Economic Restructuring recently completed a three-week tour of the U.S., including meetings with U.S. employee ownership experts. The delegation told Corey Rosen, NCEO's director, that they were very intrigued by the idea of employee ownership and wanted to investigate it further. According to recent reports, the Chinese government has recently eliminated its previous strict limitations on how much stock employees could own in state-owned enterprises that are partially privatized. While a final plan for economic transformation at the central government level is still to be decided, local and provisional governments are moving forward with enterprises they own, and in some cases are encouraging substantial employee ownership.