日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

US EUROPE AFRICA ASIA 中文
Business / View

There are good, bad industrial policies

By Ed Zhang (China Daily) Updated: 2014-07-28 20:37

This environmental approach is in stark contrast to the modus operandi of many government offices (and hence outside observers), in which the government habitually comes up with this or that policy to promote or protect designated industries or businesses.

A common mistake is that this sort of target-specific political favoritism is often lumped together with the policies designed to provide largely indirect impetus to a broader range of activities, such as modernizing public infrastructure.

These two kinds of policies are both called industrial policies. Liberal economists tend to dismiss them wholesale as the evil of government interference, and Chinese officials tend to use them interchangeably as equally necessary for generating development.

But obviously, for entrepreneurs, there are good industrial policies and bad ones.

Good industrial policies are those that clear away obstacles to fair competition and help promote, usually indirectly, broader business activities.

Policies made under the target-specific approach are often bad ones, even though they can temporarily boost sales, because they end up distorting competition and stifling entrepreneurship.

Policies tailored to hold up specific industries or, even worse, specific types of businesses, used to be rampant in China whenever business slid into a down cycle. By then, the strongest industrial lobbying came from the largest state-owned corporations that claimed strategic importance.

As favorable policies were dished out to the so-called strategic industries and corporations, sometimes wastefully and recklessly, other industries and companies could find themselves worse off, having even more limited access to the resources needed for their survival.

In fact, much of China's problem of industrial overcapacity was a creation of the massive financial bailout that the government introduced after 2008. Now the government has to spend another huge dollop of public funds to dismantle the overcapacity it built up just a few years ago.

The author is editor-at-large of China Daily.

There are good, bad industrial policies There are good, bad industrial policies

Premier Li vows to lower hurdles for businesses 

Report: Booming consumer confidence in smaller cities 

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 免费在线观看黄色片 | 日日夜夜精品视频免费 | 国产又色又爽 | 国产宾馆自拍 | 你懂的视频在线 | 成人黄色录像 | 4虎av | 久久一区二 | 91美女福利视频 | 国产午夜一区二区 | 男人天堂网在线视频 | 一级片久久 | 97av视频在线 | 天天曰 | 太骚了全程淫语小说 | 黄色一级视频播放 | 久久久久人| 国产三级短视频 | 二女同志亚洲人狂欢 | 欧美视频精品 | 精品在线不卡 | 欧美福利一区 | 国产精品2区 | 女人天堂网站 | 亚洲午夜av | 欧美一区二区三区免费看 | 999在线| 免费播放av | 国产调教 | 第四色av| 欧美一级性片 | 国产自在线拍 | 日本视频精品 | 在线毛片网| 日韩成人在线播放 | 国产免费观看av | 激情伊人 | 免费成人黄色网址 | 四虎影视最新网址 | 福利一区福利二区 | 免费在线观看黄 |