The Hot Zone
China's newly announced air defense identification zone over the East China Sea aims to shore up national security
Current Issue
· Table of Contents
· Editor's Desk
· Previous Issues
· Subscribe to Mag
Subscribe Now >>
Expert's View
Market Watch
North American Report
Government Documents
Expat's Eye
Photo Gallery
Reader's Service
Learning with
'Beijing Review'
E-mail us
RSS Feeds
PDF Edition
Reader's Letters
Make Beijing Review your homepage
Hot Links

cheap eyeglasses
Market Avenue

Special> NPC & CPPCC Sessions 2013> Exclusive
UPDATED: March 11, 2013 Web Exclusive
Audio: Private Companies
Edited by Chen Ran

China's GDP growth in 2012 was 7.8 percent, the lowest since 1999. However, the private sector alone contributed over 60 percent of GDP growth last year.

The importance of the private economy is obvious, but chronic problems such as obstacles in attracting investment, unfair competition against big state-owned enterprises and high risks in doing business abroad continue to limit private sector growth.

How will the government handle these problems? Beijing Review reporter Wang Wenjie interviewed the country's political advisors during the first session of the National Committee of the 12th Chinese People's Political Consultative Conference, or CPPCC, the country's top political advisory body.

Lian Lianggui, Vice Chairman of Tianjin Federation of Industry & Commerce and President of Investment Corporation under Tianjin Binhai Zhe Tradespeople, said private companies deserve a fairer competitive environment.

"Private companies were treated less fairly than their state-owned counterparts in terms of policy-making and project implementation. This must be revised. It will be better if we were granted preferential policies in the government's policy-making process," Lian said.

Wang Zaixing, Chairman of Hong Kong Haode Group, echoed Lian's views.

"The government needs to improve mechanism for a fair competition and opitmize investment process for medium-sized and smaller enterprises as a whole. The policies concerning private companies should be implemented completely," Wang Zaixing said.

Wang Wei, Vice Chairman of the Guizhou Federation of Industry & Commerce and President of Anshun Xingwei Industrial Development Co. Ltd., said people have differing opinions of private companies. The negative impression mostly comes from some companies' lack of social responsibility.

"The private economy has developed rapidly thanks to the reform and opening-up policy since the late 1970s. Entrepreneurs should take greater social responsibility when their businesses grow bigger. Our success is based on the country's development and our contribution to society is also a way of actualizing ourselves," Wang Wei said.

Top Story
-Protecting Ocean Rights
-Partners in Defense
-Fighting HIV+'s Stigma
-HIV: Privacy VS. Protection
-Setting the Tone
Most Popular
About BEIJINGREVIEW | About beijingreview.com | Rss Feeds | Contact us | Advertising | Subscribe & Service | Make Beijing Review your homepage
Copyright Beijing Review All right reserved