From Chinese Press

    China's oversized state monopolies threaten its economy

    (People's Daily Online)
    Updated: 2010-06-03 10:18
    Large Medium Small

    When the Financial Times released its list of the 500 largest companies in terms of market value with, it exposed serious problems in the structure of China's economy and China's enterprises. Among the top 500 enterprises, 21 of them are listed on the Chinese mainland and all of them are large state-owned or state-controlled enterprises, covering areas from finance, chemical, construction, to transport and so on. PetroChina Co., China's largest oil producer, took the top spot.

    The list caused concern among Chinese netizens and many of them believe it was nothing to be proud about.

    Is it good or not that all the Chinese enterprises on the top 500 enterprises are state-owned or state-controlled? With the high concentration of social resources and funds, they are getting larger and larger and increasingly monopolized. PetroChina and Sinopec, for example, have no competitors and are becoming less and less energetic due to a long-term monopoly operation. They run a business without loss and even rob from consumers.

    Related readings:
    China's oversized state monopolies threaten its economy Iron ore trio's stance may trigger anti-monopoly probe
    China's oversized state monopolies threaten its economy China likely to probe mining giants' monopoly
    China's oversized state monopolies threaten its economy Behind the No.1 tag
    China's oversized state monopolies threaten its economy China to speed up reform of monopoly industries

    China's large state-owned banks, led by Industrial and Commercial Bank of China (ICBC), have the major share of domestic financial markets and it is very difficult for private enterprises to enter into financial sectors. So if a kind of resource can not be distributed by fair competition, it will inevitably lead to the dominance of some enterprises, and for others, there is no chance to survive.

    A country's economic vitality lies in the development environment and speed of private enterprises. It also requires dynamic and internal power of private capital investment

    After the worldwide financial crisis, U.S. President Barack Obama said many times during his speeches that the country must address the issue of financial enterprises and other industries that are "too large to fail," which shows the U.S. government felt concerned about the full marketization and privatization of enterprises.

    If problems occurring within an enterprise or an industry can lead to problems for the economy as a whole, such as employment, economic growth and state revenue, it spells trouble for the nation. The whole country can be "kidnapped" by these enterprises and industries.

    The problems of U.S. financial enterprises triggered the global financial crisis, leading the U.S. economy into a freefall and thousands of people lost jobs ever day. So, these businesses are not so much an asset as they are a threat. However, China still should learn from U.S. anti-monopoly moves. Antitrust investigations against Microsoft and Apple are both good examples.

    In the United States, enterprises are making continual innovation and the government is implementing constant oversight, which helps the U.S. economy maintain vitality, competitiveness and order. China should learn from this.

    Chinese private firms, growing in an environment of market competition, are more comparable with their counterparts in Europe and the United States. Only when those enterprises with no privileges, monopoly and state holdings are among the global 500 list, can China feel proud.

    精品亚洲综合久久中文字幕| 日韩精品久久无码中文字幕| 亚洲日韩国产二区无码| 天堂在线资源中文在线8| 无码少妇精品一区二区免费动态| 亚洲欧美日韩中文字幕在线不卡| 国产成人无码午夜福利软件| 亚洲av无码一区二区三区四区| 一区二区中文字幕 | 中文字幕无码久久久| 中文无码字慕在线观看| 国产精品无码专区| 亚洲午夜国产精品无码老牛影视| 亚欧成人中文字幕一区| 中文字幕无码无码专区| 无码国产亚洲日韩国精品视频一区二区三区| 亚洲日韩精品无码专区网址 | 最近最新高清免费中文字幕| 亚洲精品无码专区2| 狠狠躁天天躁无码中文字幕图| 精品亚洲AV无码一区二区| 在线中文字幕播放| 狠狠干中文字幕| 无码AV中文字幕久久专区| 韩国中文字幕毛片| 中文有码vs无码人妻| 永久无码精品三区在线4| 久久午夜无码鲁丝片午夜精品| 高h纯肉无码视频在线观看| 秋霞鲁丝片Av无码少妇| 人妻无码一区二区三区免费 | 国产精品无码av在线播放| 无码孕妇孕交在线观看| 国产成人无码av| 亚洲精品无码av人在线观看| 夜夜添无码一区二区三区| 亚洲精品无码久久久久久| 亚洲AV无码一区二区乱孑伦AS| 午夜福利av无码一区二区| 色欲狠狠躁天天躁无码中文字幕 | 亚洲AV无码一区东京热久久|