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The Reform and Development of State-Owned Enterprises Should Take the Initiative to Adapt to the Policy Orientation of Promoting Fair Competition (No.109, 2018)


By Xiang Anbo, Enterprise Research Institute, DRC

Research Report, No.109, 2018 (Total 5384) 2018-7-6

Abstract: In the process of China’s economic policy transformation from emphasizing industrial policy to focusing on competitive policy, the state-owned enterprises (SOEs) need to push forward substantive reform in order to adapt to the new policy environment and take the initiative to become compatible to the regulation of competition policy. They need to meet the requirements of the competition policy to improve the overall economic efficiency and the maximization of social welfare, and promote the reform objective of SOEs; they need to keep up with the rules and progress of the competition policy regulation, highlight the major issues of the reform, pay more attention to the improvement of the management system of the national capital; they need to focus on the two main directions of the management of capital and mixed-ownership reform, fan out from point to area and carry forward the reform across the board and based on the experience gained from pilot projects; they need to separate government administration from the management of enterprises and state assets so as to overcome the policy and institutional impediments restricting fair competition. At the same time, the competition policy should take into account the fact that China has a large number of state capital investment and operating enterprises, and it should hold the principle of competitive neutrality, provide adequate room for the performance of SOEs and enable them to play a positive role.

Key words: reform of state-owned enterprises, competition policy, fair competition