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The research project discusses the ethical aspects of governance focusing on formalisation of ethics within a state owned enterprises as a mechanism to improve governance practices.

The research project discusses the ethical aspects of governance focusing on formalisation of ethics within a state owned enterprises as a mechanism to improve governance practices.

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State-owned banks in China have been among the last institutions to undergo reform. Over the last ten years, new institutions and regulations have been created and the banks have undergone a process of divesting themselves of bad policy loans in preparation for public listing. Three of the “Big Four” are now exchanged on Chinese stock markets, though majority ownership remains with the state. The recent reforms of China’s financial system have been tested by a financial crisis that has toppled banks around the world; yet China’s banks remain profitable. They have been able to weather the storm because of the unique institutional relationships they have with various state vehicles. In particular, state ownership as manifested through asset-management companies have given the Chinese banks an edge over the international competition. However, this relationship is not without its risks. There still remains a great deal of dependence within China’s financial system on the state and its favorable policies, subjecting the banks to continued interference. / text

US – Definitive Anti-dumping and Countervailing Duties on Certain Products from China is the initial WTO dispute in which China claims that US-countervailing duties on certain products from China are inconsistent with the obligations of the United States under the SCM Agreement. The meaning of “public bodies” within Article 1.1 (a) (1) of the SCM Agreement and the question of whether China’s “SOCB” constitute “public bodies” are the heart of the matter. The thesis argues that the theory of the governmental function is more persuasive than that of governmental control in terms of defining “public bodies”. Although the majority ownership of China’s SOCBs has remained in the Chinese government, their policy-oriented nature has been largely marginalized. The conclusion is that the WTO system needs to give developing countries more policy flexibility, and developing countries should also make the best use of their latent comparative advantage and the effects of globalization.

US – Definitive Anti-dumping and Countervailing Duties on Certain Products from China is the initial WTO dispute in which China claims that US-countervailing duties on certain products from China are inconsistent with the obligations of the United States under the SCM Agreement. The meaning of “public bodies” within Article 1.1 (a) (1) of the SCM Agreement and the question of whether China’s “SOCB” constitute “public bodies” are the heart of the matter. The thesis argues that the theory of the governmental function is more persuasive than that of governmental control in terms of defining “public bodies”. Although the majority ownership of China’s SOCBs has remained in the Chinese government, their policy-oriented nature has been largely marginalized. The conclusion is that the WTO system needs to give developing countries more policy flexibility, and developing countries should also make the best use of their latent comparative advantage and the effects of globalization.

No description available.