www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Policy Watch

Deepen SOE reforms

(China Daily) Updated: 2012-10-25 07:50

A booming State sector, as a result of painful reforms in the later 1990s, has contributed significantly to China's remarkable growth over the past decade.

However, further reforms of State-owned enterprises have become more urgent than ever if the country is to speed up economic transformation while tackling income inequity effectively.

On Wednesday, the State Council delivered a report on the latest development and reform of SOEs at an ongoing session of the National People's Congress Standing Committee.

At a time when the Chinese economy has slowed for a seventh straight quarter between July and September and the Chinese government has vowed to come up with an income reform plan by the end of this year, such a comprehensive review of these "national champions" is more than needed.

The price paid to overhaul the State industries, most of which were struggling on the brink of bankruptcy in the later 1990s, was a necessary investment, which made SOEs the undeniable backbone of the Chinese economy.

Domestically, SOEs saw their net profits increase from 320 billion yuan ($51.2 billion) to 1.9 trillion yuan, up 25.2 percent annually between 2003 and 2011, underpinning a decade of sound and stable economic growth for the country.

Nevertheless, while recognizing the noteworthy progress of SOEs' development, policymakers and lawmakers should make a case for more market-oriented reforms in the State sector, not the other way round as some people have argued.

The ongoing transformation of China's growth model from export and investment-led expansion to consumption-driven growth will require more competition in the key sectors that are currently dominated by State firms to provide consumers with better services and products. All the suggested benefits of State monopolies in helping stabilize the market must be carefully weighed against the interests of consumers.

The need to narrow the country's income disparity means that State firms sitting on fat profits should shoulder their responsibilities in reducing the widening wage gap between those sectors they've monopolized and the rest of the economy.

Given the huge improvement in their performance since reforms in the later 1990s, there is no need for SOEs to worry about such market-oriented reforms.

Chinese authorities should also make it clear to these domestic corporate champions that only deepened reforms, not monopoly, can guarantee their future success, which is crucial to the country's long-term economic development.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 国产在线视频欧美亚综合 | 91香焦国产线观看看免费 | 欧美日韩一区二区三区视频在线观看 | 国产精品国产高清国产专区 | 91av综合 | 女人精aaaa片一级毛片女女 | 欧美亚洲综合网 | 成人影院免费看 | 日韩中文字幕精品一区在线 | 亚洲综合色一区二区三区另类 | 亚洲天堂一区二区在线观看 | 在线视频一区二区 | 三级黄网站 | 日本一区二区高清不卡 | 美女做爰视频在线观看免费 | 成人久久久观看免费毛片 | 交视频在线观看国产网站 | 久久91精品综合国产首页 | 天天摸天天爽视频69视频 | 国产精品99在线观看 | 国产三级做爰高清视频a | 亚洲欧美日韩国产精品久久 | 国产年成美女网站视频免费看 | 国产亚洲综合成人91精品 | 国内精品久久久久久久aa护士 | 久久久久国产精品美女毛片 | 欧美a一| 国产欧美一区二区三区免费 | 98国内自拍在线视频 | 久久久久欧美精品观看 | 精品视频在线观看一区二区三区 | 免费看成人 | 亚洲激情视频网 | 欧美日韩精品一区二区视频在线观看 | 免费观看视频成人国产 | 久久国产视屏 | 免费观看a黄一级视频 | 成人a视频在线观看 | 国产专区第一页 | av18在线播放| 免费国产成人18在线观看 |