Why SOE Reform Cannot Be Avoided
A renewed quarrel about the performance and function of state-owned enterprises (SOEs) has erupted in China recently. The debate is unbalanced. The advocates of SOEs have been expressing their arguments through official news organs, while the critics mainly use websites.
Official media are praising SOEs more generously than ever. A story in May on the front page of the People's Daily, the mouthpiece of the Communist Party, stated that SOEs are the symbols of vitality, efficiency and influence, and form the backbone of the so-called socialist market economy. A handful of orthodox Marxists believe that the country must cultivate strong SOEs, instead of private enterprises, if the government hopes to achieve its goal of common prosperity.
- Confucius and the World He Created
- The Lost Novel
- Reinventing the Bicycle in Beijing
- Waiting for the Light
- Baidu, Hospital Association Squabble over Ad Charges
- Deadly Work
- China-U.S. Trade Engagement in Asia Could Be Win-Win
- Baosteel's Listed Arm Had Declines in Revenue, Net Profit in 2014
- Security Ministry Cancels 1.44 Mln Fake Hukou Documents
- Why Raising Retirement Age Is No Cure-All for Population Problems
- Sign up to receive our free daily newsletter
- Kissinger: China, U.S. Must 'Lead in Cooperation'
- Yuan and Gold: Old Enemies Should Finally Become Friends
- Saudi Aramco's Supply to China Potentially Doubling
- New Agenda for China's Feared Family Planners
- Graphics: AIIB's Aims
- Who Is Prince Qing?
- Ex-Police Chief Held for Murder Said to Be Linked to Graft Case
- Sinophobia: Anxiety, Violence, and the Making of Mongolian Identity
- Amid Worsening Pollution, Gov't Moves toward Law on Ecotaxes
- Shrewd Smiles as Online Bankers Test New Tech