This presentation is part of: O57-1 Transition Issues

China's Privately Owned Enterprises: Economic Performance, Political action & Fi

Qiaobin Feng, PH.D., Public Finance and Taxation, SouthWestern University of Finance & Economics, 55 GuangHuaChun St., Cheng Du, 610071, China

The objective of this paper is to explore the influences of China’s privately owned Enterprises(POE) on public finance. Based on its economic performance, the author describes POE’s political action and influlences on public finance. The main concludes are followings:. Since 1978, POE’s political status had been improved greatly,which directeded  much more governmetal expenditure into non-state-owned-enterprises and the process of fiscal decision-making is watched by representatives much more than before.The author thinks it is very useful to improve the democracy in public finance field although there are some risks of collusion between money and power.