A Quote by Zhang Xin
But it is a worry that there have been so many delays in the reform of China's state-owned enterprises. We all know that private companies are run more efficiently than state ones. These reforms are very much anticipated for the potential dynamism they could create.
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There is state-run television in Russia, which is more loyal to the state, as it always is with state television in any country. We have private owned networks; some of them are oppositional. We have thousands of regional networks that, in their regions, are more watched than the so-called federal stations.
All the alleged key causes of SOE [State-Owned Enterprise] inefficiency - the principal-agent problem, the free-rider problem and the soft budget constraint - are, while real, not unique to state-owned enterprises. Large private-sector firms with dispersed ownership also suffer from the principal-agent problem and the free-rider problem. So, in these two areas, forms of ownership do matter, but the critical divide is not between state and private ownership - it is between concentrated and dispersed ownerships.
They'll [China] probably be a fully developed nation. The road there just is not going to be that easy. You're going from a macromanaged, top-down economy to a market-managed, micromanaged type of economy, with all the potential corruption issues, SOE [state-owned enterprise] reform, and market reform that come with it.
I support the state, but not the state-run economy. The state should intervene only to create the conditions necessary for the private sector to thrive.
All of the services commonly thought to require the State-from the coining of money to police protection to the development of law in defense of the rights of person and property-can be and have been supplied far more efficiently and certainly more morally by private persons. The State is in no sense required by the nature of man; quite the contrary.
China's economy became more complex. By now there is a large number of small- and medium-sized companies that work quite differently from big, state-owned enterprises. They don't follow any long-term business plan and don't rent office space for years to come. They start out and need an office right away, for a week, a month or half a year, and they want to be among other entrepreneurs like themselves.
Many understand "state socialism" in this way. Sometimes a system is concealed behind this term in which the capitalist state, in the interests of preparation for the conduct of war, takes upon itself the maintenance of a certain number of private enterprises.
The United States is walking in the same direction as China, we're just allowing private companies to monetize left, right and center. Just because it's not the state doesn't mean that there isn't harmful impacts that could come if you have one or two large companies monitoring or tracking everything you do.
It makes no sense to spend precious resources on propping up loss-making, state-owned enterprises when they could be used to get more children into school or provide more midwives to reduce the number of mothers dying in childbirth.
If the State does not acquire supremacy over [vast private] enterprises, it becomes their puppet, and they become the real State.
Some years ago, someone had come up with the idea that the State should hold all Titles to vehicles, mailing a Certificate of Title to the 'owners'. This created a legal fiction that the State owned the vehicles. Drivers were thus driving a State owned vehicle, mandating drivers must have a license to drive a State vehicle, which was false. The State reaped many millions with its drivers license scam, and began issuing heavy fines for not having a State license.
When we first started our internet company, 'China Pages', in 1995, and we were just making home pages for a lot of Chinese companies. We went to the big owners, the big companies, and they didn't want to do it. We go to state-owned companies, and they didn't want to do it. Only the small and medium companies really want to do it.
When we see companies who are in complicit relationships with China, for example, making huge profits by providing China with the very software that enables the state to censor its own people, that is not acceptable. We need to engage with such companies to make their responsibilities clear.
To understand the motivations behind Chinese government policy decisions, look no further than their impact on State-Owned Enterprises.
With 'CCSKNH,' we are planning to carry forward the rich legacy of the state. Though there haven't been many Haryanvi films, the state has tremendous potential.
All foreign companies registered in China are Chinese enterprises. Their innovation, production and business operations in China enjoy the same treatment as Chinese enterprises.
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