Murdoch University Research Repository

Welcome to the Murdoch University Research Repository

The Murdoch University Research Repository is an open access digital collection of research
created by Murdoch University staff, researchers and postgraduate students.

Learn more

The Baosteel Group – A national champion amongst national champions

Wilson, J.D. (2012) The Baosteel Group – A national champion amongst national champions. In: Yi-chong, Xu, (ed.) The Political Economy of State-Owned Enterprises in China and India. Palgrave Macmillan, Basingstoke, pp. 177-201.

PDF - Authors' Version
Download (290kB)


In comparison to many of the Chinese and Indian state-owned enterprises examined in this volume, the institutional and competitive position of the Baosteel Group is somewhat unique. First, Baosteel stands out as one of the major success stories of recent Chinese state-owned enterprise (SOE) reform. Created as a national steel champion by the Chinese government in the early years of the reform period, and benefiting from the industrial policy support this status has brought during the intervening three decades, Baosteel has earned the status of one of China’s most internationally competitive SOEs. However, Baosteel is also unique in that it does not dominate the Chinese steel sector. Accounting for only a small share of Chinese steel production, Baosteel’s position is one of a technological leader within a competitive market structure populated by a large ‘national champions group’ of SOEs. Moreover, Baosteel has also faced special obligations to implement national industrial policies, by acting as a technological leader tasked with the role of acquiring and upgrading ailing steelmakers. Understanding Baosteel’s position within the Chinese steel sector as a ‘national champion amongst national champions’ is critical to explaining its operational characteristics, its special relationship with the Chinese government, and the benefits and costs this has carried for the firm.

Item Type: Book Chapter
Murdoch Affiliation(s): School of Politics and International Studies
Publisher: Palgrave Macmillan
Copyright: Palgrave Macmillan
Publisher's Website:
Item Control Page Item Control Page


Downloads per month over past year