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 / View

SOE reform plan looks too broad to brush out problems

By ED Zhang (China Daily) Updated: 2015-09-21 10:08

Beijing recently released joint guidelines on the next round of reforms for State-owned enterprises.

SOE reform has been one of the central tasks of the economic reform, but for more than a decade, since former premier Zhu Rongji was appointed economic czar and oversaw massive restructuring of the SOE system from the planned economy era, there hasn't been a central program charting the reform's progress.

Not having a central program for an important part of the reform was disappointing. Vested interests inevitably grew in the vacuum of overarching principles.

Those interests tended to grow fast, considering that many SOEs after the first round of reform made them stronger, and became de facto monopolies in their industries.

And in at least some of these industries, customers (meaning the people) cannot get the best value for their money unless there is competition.

The stifling effect of having large banks (all State-owned) lending only to large companies (mostly State-owned) and squeezing the overall credit supply to society was a notorious case in economics, and the consequence has been obvious in the economy's lack of "biodiversity" that a rapidly industrializing and urbanizing nation needs.

The relatively slow and narrow development in privately owned services is part of the explanation of China's low consumer power (in consumer spending's contribution to the GDP compared with other developing economies).

It is also part of the explanation of massive pollution and low quality of life in industrial cities-because an excessive amount of resources has been used to feed an overcapacity of big smokestack industries that have no competitive edge in the future.

But a few years ago, few people, except future-minded independent economists, were really disappointed. They were misled by the astonishing short-term growth figures from simple manufacturing and the cheap goods they shipped to the overseas market.

Even for a short period immediately after the world financial crisis in 2008, China could still manage to report a growth record close to 10 percent year-on-year.

It is only when consumers in North America and Western Europe were no longer buying as much, and when domestic pollution had reached an unbearable level, that people came to realize the nation really could not have sustainable development without a new round of SOE reform.

China now has got one central reform program for its SOEs. Yet the program is so comprehensive and so general, if not philosophical, that putting it into practice still requires a series of subsidiary programs.

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 日本特黄特色 | 中文字幕人成不卡一区 | 国产精品成人久久久久 | 日韩一区二区三区视频 | 日韩久久网 | 久草视频在线观 | 国产精品黄页网站在线播放免费 | 亚洲无色 | 欧美一级www片免费观看 | 久久久亚洲欧美综合 | 日本激情视频在线观看 | 美国一级毛片视频 | 网红主播大尺度精品福利视频 | 国产精品久久久久久久久久久搜索 | 日韩一区二区在线观看 | 亚洲精品欧美精品中文字幕 | 香港国产特级一级毛片 | 日韩国产午夜一区二区三区 | 一级欧美激情毛片 | 美女黄色免费在线观看 | 免费观看一级成人毛片 | 日韩免费高清一级毛片 | 欧美日韩视频在线 | 成年人黄色免费网站 | 久久99亚洲精品久久 | 国产毛片久久久久久国产毛片 | 视频二区欧美 | 国产成人18黄网站在线观看网站 | 免费播放欧美毛片欧美a | 日韩成人免费一级毛片 | 黄色成人免费观看 | 国产成人亚洲日本精品 | 特黄特色一级特色大片中文 | 亚洲第三区 | 自拍一区在线观看 | 欧美人成一本免费观看视频 | 鲁丝片一区二区三区免费 | 91成人免费观看网站 | 亚洲在线小视频 | 在线免费黄网 | 欧美成免费 |