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This book, The Nature, the Performance, and the Reform of State-owned Enterprises, provides a detailed description about State-owned Enterprises (SOEs) in China with respect to both efficiency and distribution. It not only proves that the so-called state ownership which characterizes state-owned enterprises is not an efficient one, but also shows how unfair SOEs have been in terms of competition with other firms and income distribution. To illustrate the point, the book presents a China case to show how SOEs steal several trillion RMBs of people's wealth every year by favored policies, monopolistic powers, and subsidies, and transform such wealth to their income, thus making their accounts look better. This book is a good reference for those researchers on the subject with a large number of data and information about SOEs. It is also a good introduction for ordinary people and students of social sciences to learn about SOEs.
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