Business and development strategies in China: inferences based on the evolution of SINOPEC

  • Rubia Cristina Wegner Universidade Federal Rural do Rio de Janeiro (UFRRJ)
  • Marcelo Pereira Fernandes Universidade Federal Rural do Rio de Janeiro
Palavras-chave: Chinese company, Sinopec, Oil and gas industry, Multinational


The purpose of this paper is to present Sinopec in the context of the transformations
of property organization in China, especially the constitution of the
business sector under long-term national development strategies. A hypothesis
is that the growth of a large state-owned enterprise in China is on the one hand,
the benefits of state support and on the other, the constraints imposed by such
benefits on its business strategies of profitability and efficiency. In order to confirm
this hypothesis, we analyze the evolution of the oil and gas sector in China,
from the point of view of the formation of its large companies. Next, Sinopec
indicators, relate to the company’s financial development and strategies, are
analyzed for the period 1999 to 2016. We sought to highlight the evolution of
the company’s indicators compared to the national strategies adopted. Results
show that Sinopec remains dependent on the national economic development



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Biografia do Autor

Rubia Cristina Wegner, Universidade Federal Rural do Rio de Janeiro (UFRRJ)

Mestre em Desenvolvimento Econômico pelo Instituto de Economia da Universidade Estadual de Campinas.
Professora Assistente e coordenadora do curso de Ciências Econômicas da Universidade Federal Rural do Rio de Janeiro (UFRRJ). Bolsista de Extensão no País SA. Foi bolsista do IPEA (PRO- -MOB) no projeto “Estrutura Socioeconômica e Políticas para a Integração da América do Sul”. Participou do projeto “Perspectivas do Investimento no Brasil” (BNDES) com o tema “Perspectiva do Investimento na dimensão do Mercosul
e da Integração da América Latina. ORCID ID : 0000-0002-4824-8414

Marcelo Pereira Fernandes, Universidade Federal Rural do Rio de Janeiro

Economista, doutor em Economia pela Universidade Federal Fluminense (UFF/RJ). Atualmente é professor Associado II do curso de Ciências Econômicas da Universidade Federal Rural do Rio de Janeiro (UFRRJ) e do Programa de Pós-graduação em Economia Regional e Desenvolvimento (PPGER/UFRRJ). Membro do Conselho Consultivo do Centro Brasileiro de Solidariedade aos Povos e Luta pela Paz (CEBRAPAZ). ORCID ID: 0000-0003-4550-8564


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Como Citar
Wegner, R. C., & Fernandes, M. P. (2021). Business and development strategies in China: inferences based on the evolution of SINOPEC. Estudos Internacionais: Revista De relações Internacionais Da PUC Minas, 9(1), 70-93.