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Socialism with Chinese characteristics does not mean SOEs don’t have to make money


Chinese SOEs restructuring phases transformer factory in Baoding Tianwei Group 600 employees a nice calm recently two weeks ago, the company seems unable to close down the company announced. repayment of loans worth approximately 13 million euros, the government says it will not interfere this is a new phenomenon that should be Beijing Tianwei Group rejected the rescue of the first state-owned enterprises Beijing crystal clear message sent to other state-owned enterprises: To begin to operate efficiently, or so that more companies go bankrupt, but not after Chinese media reported that rescue Baoding days, sources said, China Construction Bank, or save the emperor.

保定天威集团变压器厂的600名员工最近过得不平静。两周前,该公司看似要倒闭了。公司宣布无力偿还价值约1300万欧元的贷款,政府称不会干预。这无疑是新现象。天威集团本应是北京拒绝施救的第一家国有企业。北京向其他国企发出的讯息一清二楚:要开始有效运营,否则让更多企业破产。但在中国媒体报道不会救助保定几天后,有消息称,中国建设银行还是救了天威。

 

Meanwhile, state-owned enterprises related to the policy swing continues. Just a few days ago, the media reported that Beijing intends to integrate 100 large state-owned enterprises into 40, but later played down the SASAC oversees state-owned enterprises move, saying such information not to interview them or verify some related companies also denied.

同时,有关国企政策的摇摆还在继续。就在几天前,有媒体报道称,北京有意将100家大型国企整合成40家。但后来负责监管国企的国资委淡化此举,称此类信息未向他们进行采访或核实。一些相关企业也予以否认。

 

Former Chinese Premier Zhu Rongji realized 15 years ago that SOE reform is not easy. He wants a strong state-owned enterprises to accept more competition in the market, that is his to promote China's WTO for a reason. At that time, as now, is generally considered , sometimes arduous task of restructuring state-owned enterprises will not reach a consensus in the Communist Party.

中国前总理朱镕基15年前就曾意识到国企改革不容易。他曾想让强大的国企接受更多的市场竞争,那也是他推动中国加入世贸组织的一个原因。当时同现在一样,一般都认为,重组国企的艰巨任务一时不会在共产党内达成共识。

 

However, each time after the introduction of new initiatives, state-owned enterprises will lose some breathing space. Speed according to the National Development and medium enterprises, the government is able to SOE issued an ultimatum. There is more pressure from other areas. China has the highest corporate debt in the world. As a result, the government seems to have enough reasons to implement a controlled bankruptcy of some state-owned enterprises, to let go of some hot air bubble. for some business failures, make other businesses immediately realize socialism with Chinese characteristics does not mean companies do not have to make money.

不过,每次有新举措出台后,国企都会失去一些回旋空间。依国家发展中等企业的速度来看,政府是有能力给国企下达最后通牒的。还有来自其他方面的更多压力。中国有着世界上最高的企业债务。这样一来,政府似乎有足够理由对一些国企实施可控的破产,给泡沫放掉一些热空气。让一些企业倒闭,能令其他企业马上意识到,中国特色社会主义不等于企业不必赚钱。

2016-06-22

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