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LAW OF THE PEOPLE’S REPUBLIC OF CHINA ON STATE-OWNED ASSETS IN ENTERPRISES

LAW OF THE PEOPLE’S REPUBLIC OF CHINA ON STATE-OWNED ASSETS IN ENTERPRISES

Law of the People’s Republic of China on State-Owned Assets in Enterprises10 provides that:
Article 1
This Law is enacted for the purpose of safeguarding the basic economic system of China, consolidating and expanding the State-owned economic sector, strengthening protection of State-owned assets, giving play to the leading role of the State-owned economic sector in the national economy, and promoting the development of the socialist market economy.
The leading role in the economy assigned to the state-owned sector is further elaborated in the remainder of that law as well as in a series of other legal instruments, for instance the SASAC Regulation and various Guiding Opinions. Moreover, this legal framework also sets out the tight grip of the State and the CCP over SOEs (see in detail in Chapter 5).

Reagrading the EUROPEAN COMMISSION STAFF WORKING DOCUMENT ON SIGNIFICANT DISTORTIONS IN THE ECONOMY OF THE PEOPLE’S REPUBLIC OF CHINA FOR THE PURPOSES OF TRADE DEFENCE. The Whole document you could find here

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