Analysis on Social Responsibility of the State-Owned Enterprises in Macro Regulation & Control Course from Aspect of"Fault Lines" Theory
One of the most important reasons for the Chinese government to successfully survive the global financial crisis is the compensation of the "fault line" from State-Owned Enterprises (SOEs), especially those directly managed by the central government. The possibility of this compensating practice should be attributed to the institutional superiority of state-owned capital operation in "target-setting, property right and decision-making". Taking the case of SGCC, this paper describes and explains the social responsibilities of SOEs and suggests that the SOEs should effectively implement "fault compensation" so as to stipulated in the "12a Five-Year Plan". provide safeguard for achieving the national economic goals as
State Gridfault linesmacro regulation & controlSOEs