Skip to content

British FT Chinese on the Reform of China’s State-Owned Enterprises

On March 5, 2013, the Financial Times Chinese website published an article on how the Chinese state-owned enterprises should be reformed. The article suggested to 1) gradually break up the monopolies and create a market environment for fair competition; 2) manage and share the State-owned enterprises’ huge profits with the entire society. 

By the end of 2012, there were 10.8572 million national private enterprises, with 31.1 trillion yuan of registered capital and 20.1 trillion in sales revenue; there were 120 central government enterprises attributable to the State-owned Assets Supervision and Administration Commission of the State Council (SASAC), with total assets of 31.2 trillion yuan and 22.5 trillion in operating income.

Source: The Financial Times Chinese, March 5, 2013