Conditions beneficial to the privately owned economy should be encouraged and cultivated. The operation of state-owned companies should provide more social dividends, but this does not equate to large-scale privatization.
Some state-owned enterprises have monopoly problems, but most gain growth through market competitiveness.
What needs to be considered are the principles of fair competition, market mechanisms, supervision and control, and the encouragement of other ownership, to make state-owned enterprises more democratic, transparent and standardized.
Wang Hui is a professor at Tsinghua University and the author of The End of the Revolution.
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