Latest China News » Economy News » Single increase in profit again provoked controversy and profitability “gap”

Single increase in profit again provoked controversy and profitability “gap”

Posted in Economy News

  SASAC has recently started public single of 2010 “transcripts”. 120 single total net profit of 852.27 billion yuan, from the 42.8%. Among them, oil at $ 124.18 billion in net profit to be the most lucrative single, petrochemical industries at $ 270.54 billion in net profit to be the most profitable industries.

  For such a beautiful “report card”, people seem to still not satisfied. Some of these problems also attracted some criticism. Henan University of Economics and Law Institute of market economy Fan Ming believed that 120 single, petrochemical profit net profit accounted for all of the top three single 30% of these are not normal, is clearly serious justified, is excessive monopoly product.

  This view was representative. Comments also noted that the monopoly for three petroleum and petrochemical enterprises of China’s petroleum and petrochemical production, imports and oil products market, the big three profits increase description monopoly in petroleum and petrochemical industry, the industry’s “cake” all to monopolistic enterprises. This is obviously not appropriate.

  According to SASAC disclosure data, attributed to parent company net profit, 120 losses in a single company only 6, Datang group loss of 4.14 billion yuan in losses of $ 3.03 billion, China Unicom, China aluminum steel group loss in the losses of $ 280 million and $ 1.47 billion, China printing group loss of 40 million Yuan, the Rainbow group loss of $ 20 million. With compared to 2009 losing enterprises reduced the two.

  Profitable businesses, the “gap” is very large. As mentioned above, the petrochemical industry of PetroChina, Sinopec and CNOOC profit from its money, move with 97.27 billion yuan in net profit in the communications industry immediately after PetroChina, table of the largest in the earnings list. Serious thermal power losses in electric power industry, but the central power grid enterprises, power-core business companies have income money, net earnings of $ 72.11 billion. Compared with them, machinery manufacturing, trade, and air transport industries are sighing and wide. The scene this year seems to be more prominent, after all, launched in 2008 and $ 4 trillion infrastructure dinner is now near completion. Machinery and equipment manufacturing, building and construction industry will be faced with the challenge more difficult market environment.

  Studies suggest that shown by the performance of State-owned enterprises are not real-world performance, State-owned enterprises enjoying preferential policies, they are depending on such offers. This profit distribution is more clear. More intense trade monopoly profits the more stronger competitive industry profits is the less.

  Comment even offered, single bright transcript is behind the small and medium enterprises of blood and tears, “a sound market economy countries is the vitality and power of private investment and private enterprise in China to absorb employment is the main force of private enterprise, private enterprise, and its production space so small, on China’s economy as a whole is definitely not a good sign. At present, SMEs, private enterprises experiencing unprecedented difficulties, said on some deep level, with State-owned enterprises, in particular economic chain of the monopoly State-owned enterprises ‘ cake ‘ too much relevant. ”

  Fan Ming is said to reflection on the assessment of the State-owned monopoly. “If you leave the State-owned monopoly, the basic reason is that, the State-owned monopoly will better serve the public. In this way, State-owned monopoly enterprises ‘ basic examination should have been the State-owned monopoly is not good for the people of products and services, people satisfied with the products and services the State-owned monopoly, and should not be how much justified, as justified is the low efficiency of resource allocation. ”

  He also suggested that an independent third party on the State-owned monopoly of public satisfaction for systems science research, particularly for constantly making super profits ‘ investigation of State-owned monopolies such as Petro-chemical big three, and use this as an important examination pursuant to these State-owned monopoly, rather than on the level of their profits to the State-owned monopoly executive bonuses.