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Oil Industry Mixed Ownership Still Far Off

The state-capital-intensive oil industry has been placed at the forefront of mixed ownership reform, an idea that has been revisited by China’s senior leadership since last November. But despite a series of positive indicators, Caijing found that the reform still has a long way to go.

The “vigorous development of a mixed ownership economy” was proposed as early as 2003 during the Third Plenary Session of the 16th CPC Central Committee.

The government has in recent years introduced measures to widen the scope of private capital investment to include basic industries and infrastructure, public utilities, the financial sector, and even defense technology. But in reality, these policies have not been effectively implemented due to a variety of subjective and objective factors, the most of important of which is that top-level policy design has not been completed.

Issue 392
Print:2014-05-05
By staff reporters Lu Ling and Qu Yanli
Allowing industry insiders to trade stocks after going through declaring or registering procedures, rather than prohibiting them from trading, is more likely to eliminate “rat trading.”
By staff intern reporter Wu Shan and intern Yan Lijiao
The number of foundations in China has jumped to more than 3,200 after several disasters in recent years. This is a process of monopoly power gradually withdrawing from the public service market.
By staff reporters Zhang Lu and Li Tingzhen
As the provincial capital, Taiyuan has many layers of provincial and municipal power. Officials often use power to seek interests in land development projects.
By staff reporter Wang Yanchun
Strong large- and medium-sized enterprises penetrated both ways along the industrial chain through design and R&D investment, as they sought to upgrade into high-end manufacturers.

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