| 中文摘要 | 第5-6页 |
| Abstract | 第6页 |
| 1. China,its SOEs and SASAC | 第7-12页 |
| Figure 1. China industrial enterprises(revenues over 5m Yuan) | 第8-9页 |
| Figure 2. Value added of industrial SOEs | 第9-12页 |
| 2. The ratio behind the "State Capitalism" | 第12-13页 |
| 3. The State Ownership Impact | 第13-17页 |
| 4. The State Asset Supervision and Administrative Commission | 第17-24页 |
| Figure 3. Growth of SASAC-Controlled Companies | 第17-18页 |
| Figure 4. Organizational Chart of SASAC and Local SASACs | 第18-24页 |
| 5. Features of Chinese SOEs | 第24-28页 |
| Figure 5. Classic Shareholding Structure of SOEs | 第25-27页 |
| Figure 6. Top Ten Financial Companies in China | 第27-28页 |
| 6. The Inter-groups and Institutional Network | 第28-31页 |
| 7. The ownership goals of the State | 第31-40页 |
| Figure 7. The ownership Goals of the State | 第32-33页 |
| Figure 8. Defense SOEs | 第33页 |
| Figure 9. Coal Industry | 第33-34页 |
| Figure 10. The airline Industry | 第34页 |
| Figure 11. Power sector | 第34-35页 |
| Figure 12. Petroleum and petrochemical Industry | 第35页 |
| Figure 13. Shipping Industry | 第35-36页 |
| Figure 14. Telecommunication Industry | 第36页 |
| Figure 15. Automotive 2010 | 第36-37页 |
| Figure 16. Crude Steel Production 2010 | 第37页 |
| Figure 17. Construction Industry 2010 | 第37-38页 |
| Figure 18. Non-ferrous Metal Industry 2010 | 第38页 |
| Figure 19. Machinery and Equipment Industry 2010 | 第38-39页 |
| Figure 20. IT Industry | 第39-40页 |
| 8. Western companies under scrutiny in China-Two cases | 第40-46页 |
| Figure 21. Failed Foreign Acquisitions of Chinese Companies | 第44-46页 |
| 9. Data Analvsis | 第46-58页 |
| Figure 22. The Ownership Goals of the State | 第47-50页 |
| Figure 23. Growth rate of Industrial Value Added by Industrial Group(%) | 第50-52页 |
| Figure 24. Total Assets Years 2003-2011(100 Million Yuan)with relative growth from 2003 to 2011 | 第52页 |
| Figure 25. Total Liabilities Years 2003-2011(100 Million Yuan)with relative growth from 2003 to2011 | 第52-53页 |
| Figure 26. Revenues from principal business Years 2003-2011(100 Million Yuan)with relativegrowth from 2003 to 2011 | 第53-54页 |
| Figure 27. Total Profits Years 2003-2011(100 Million Yuan)with relative growth from 2003 to 2011 | 第54页 |
| Figure 28. Growth of P rivate Sectors(2003-2011) | 第54-56页 |
| Figure 29. Gross Industrial Output Value(100 Million Yuan) | 第56-57页 |
| Figure 30. Total Investment in Fixed Assets of SOEs | 第57-58页 |
| 10. SOEs abroad | 第58-62页 |
| Figure 31. Chinese Acquisitions of US Companies | 第60-62页 |
| 11. The listed SOEs | 第62-68页 |
| Figure 32. A simplified ownership structure of a SOE,whose one of its subsidiaries is listed | 第64-66页 |
| Figure 33.Largest Shareholders of Listed Chinese Firms | 第66-67页 |
| Figure 34. Ownership of Single Largest Share-holder(%),1998-2003 | 第67-68页 |
| 12. SASAC control powers in reality | 第68-73页 |
| Conclusion | 第73-77页 |
| Bibliography | 第77-79页 |
