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Anti-monopoly countdown

(China Daily)
Updated: 2009-05-31 14:20

Authorities should set up a timer, like the one they did for the Olympics, to countdown the introduction of private investments into State-controlled industries to ensure the anti-monopoly policy is implemented, says an article in China Business News. Excerpt:

Related readings:  Northeast's revival tied to private investment  Private investment  Nation may introduce antimonopoly law  Nonpublic economy to dominate NE China city

The State Council formulated the Guideline on Deepening the Economic Reform in 2009 on May 25. In the guideline, the reform of State-controlled industries is listed as an independent item. It suggests for the first time ways to widen the areas and channels of private investments, and assigns relevant authorities to quickly work out policies to encourage private investments to be introduced into some vital State-controlled areas, like petrol, railway, electricity, telecom and public facilities.

A seesaw battle has long continued between State-owned and private investments. The lack of private investments in State-controlled industries is seriously handicapping the development of non-public sectors of the economy.

In history, the idea of inducting private investments into State-controlled areas has stepped on a stage of blueprint a few times, yet always fades as a flash in the pan.

Although the government encourages absorbing private investments, it is still at guard against the potential threat and even publicized self-contradictory policies to protect the State-owned status of these vital industries.

This time, people are expecting to see the break of a new dawn. Actually, in order to make true the involvement of private capital into State-owned industries and eliminate the non-public sectors' dilemma, authorities should implement detailed regulations and revise those laws conflicting with anti-monopoly policies.

Better still, the practice could be counted down, just like the Olympic Games, to schedule detailed assignments and ensure public policies are carried out.