Latest News:  


SASAC official clears doubts over SOEs monopoly

(People's Daily Online)

08:14, March 12, 2013

Is the average annual income of central state-owned enterprises (SOEs) leaders too high? Are state-owned enterprises currently advancing at the same time private enterprises are retreating? Will government take actions to help state-owned enterprises at a certain point? During the two sessions, Shao Ning, the Deputy Director of SASAC (State-owned Assets Supervision and Administration Commission, the government supervisor of 128 central SOEs), answered these questions.

It has been 14 years since Chinese state-owned enterprises started real reform in 1998. During these years, state-owned enterprises witnessed rapid development, and even created a considerable degree of monopoly. Although China has issued relevant policies, allowing private enterprises to enter some areas facing powerful opponents, many private enterprises hesitate to make a move.

"There are rumors that the central SOEs bosses enjoy high wages, and their average annual income is over 100,000 yuan, which in fact, it is not that high", said Shao Ning.

Shao Ning also mentioned "there is a popular belief that state-owned enterprises advance as private enterprises retreat" and said this has no statistical data support.

He said that over the past few years, private enterprises are still growing faster than the state-owned enterprises, "Today, state-owned enterprises and private enterprises are actually having equal competition. For small and medium enterprises (SMEs), in the past few years, many state-owned enterprises have left the competition.

Shao Ning said that the financing of SMEs is a worldwide problem, not the problem of the ownership.
Read the Chinese version:国资委官员就“国企独大”逐一释疑
Reporter:Jiang Yun

【1】 【2】

We recommend:

Japanese brands search for rebound

Inflation rebounds to 10-month high in Feb.

Halt urged to rising luxury goods prices

China well on way to being largest oil importer

Energy trade surplus for US

China seeks economic transformation

Email|Print|Comments(Editor:HuangBeibei、Liang Jun)

Leave your comment0 comments

  1. Name


Selections for you

  1. Surveillance ships, helicopter patroling

  2. South Sea Fleet conducts strict training on sea

  3. Unforgettable moments you cannot miss in March

  4. Flamboyant villagers honor sea goddess

  5. China's weekly story (2013.2.28-3.8)

  6. Applicants in flight attendants recruitment

  7. San Mao: The Echo Effect

  8. Sarah Brightman aims for the universe

  9. Japanese brands search for rebound

  10. Natural gas sparks emission hopes

Most Popular


  1. Active yet prudent urbanization needed for China
  2. China's dating TV show inspires copycat in Chicago
  3. Int'l influence of Chinese films improving
  4. Peking Opera education should start early
  5. Fake 3D triggers resentment
  6. Technology transforms art sharing
  7. Books for youngsters' the fastest-growing genre
  8. Life of the never-touch-a-pan generation
  9. Chinese films ought to tell Chinese stories
  10. Lei Feng spirit never out of date

What’s happening in China

Flight attendants recruitment attracts beautiful young applicants

  1. Floating pigs may be killed by epidemic
  2. Man wanted for keeping woman as sex slave
  3. 5,000 women give birth in Beijing by IVF
  4. Pig virus detected in Shanghai river water
  5. 5.2-magnitude quake hits Xinjiang