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: 日本一区毛片免费观看 | 色综合久久一本首久久 | 成年人毛片 | 香蕉福利久久福利久久香蕉 | 亚洲福利视频一区二区三区 | 久久久久久毛片免费播放 | 男人的天堂精品国产一区 | 久久欧美精品欧美久久欧美 | 免费精品在线 | 国产极品一区 | 网红毛片 | 一级片网站在线观看 | 国内精品免费一区二区观看 | 国产一区a | 黑人一级黄色片 | 国产欧美日韩亚洲精品区2345 | 国产成人免费在线视频 | 美女mm131爽爽爽免费视色 | 在线视频 日韩 | 手机在线观看黄色网址 | 国产偷自拍 | 免费香蕉成视频成人网 | 久久91精品国产99久久yfo | 国产在线精品香蕉综合网一区 | 国产亚洲精品片a77777 | 久久久久欧美精品 | 久久久久毛片免费观看 | 久草黄视频 | 免看一级a毛片一片成人不卡 | 性高湖久久久久久久久aaaaa | 亚洲一区国产 | 亚洲精品成人一区 | 免费看片亚洲 | 久久精品国产精品亚洲艾 | 高清日本无a区 | 91九色国产 | 日韩视频观看 | 亚洲成a人片在线观看中 | zztt40.su黑料不打烊官网 | 国产一区二区三区高清视频 | 看全色黄大色黄大片毛片 |