section_path: Management/Restructuring state enterprises
section_name: Restructuring state enterprises
paragraph_text: Restructuring state enterprises
  
  In recent decades, states modeled some of their assets and enterprises after business enterprises. In 2003, for example, China modeled 80% of its state-owned enterprises on a company-type management system. Many state institutions and enterprises in China and Russia have transformed into joint-stock companies, with part of their shares being listed on public stock markets.