What does 2,4 trillion profit of state-owned enterprises mean ?
Recently, it realized on the Ministry of Finance website that the state-owned enterprises ‘a total profit has been up to 2.40505 trillion Yuan in 2013, an increase of 5.9%.It also said in this monthly report these state-owned enterprises are the national state-owned and state holding enterprises, including the central business and 36 provinces (autonomous regions, municipalities, separately listed cities) but non-state-owned financial enterprises.
This information seems stimulants which can temporarily disperse the haze above the head of SOE, such as some chief suicide, some of executives are sacked, the shares are treated specially, while SOE losses billions......
Then, what does 2.4 trillion mean? Let’s have a look:
First, does this can replace all problems of SOEs? I think it only means one is one, two is two .The reform of SOEs is unstoppable, the disease of state-owned enterprises will be undoubtedly changed, their corruption is surging.
Second, how to hand in these profit? According to the “decision” of the Third Plenary Session of 18 “To improve the paid proportion of the public finances of the state capital gains which will be up to 30% in 2020 more of which will be used for the protection and improvement of the people's livelihood. “According to the existing paid proportion, the highest 20% ,the lowest 5% ,it said that there is a return policy, then how much will be used to protect and improve the livelihood of the people?
Third, how much does the state-owned profits account for the proportion of the enterprises’? The date of the nation wide corporate profits from January to November in 2013 released by the National Bureau of Statistics on 20th tolls us that the total of the profits of the above-scale industrial enterprises has been up to 5.3338 trillion Yuan, an increase of 13.2% over the previous year. This shows that the absolute proportion and growth rate of the realized profits of SOEs which occupy public financing, bank loans, state resources, policy benefits, price fixing, technology, talent advantage aren’t as much and as them created by the other non-public enterprises or the growth rate isn’t as fast as it .
It points in the "decision" of the Third Plenary Session of 18 “we must unswervingly consolidate and develop the public economy, uphold the dominant position of the public ownership and play a leading role in the state economy, and constantly enhance the vitality, dominance and influence of the state economy.”
Which is long way to go......?
Then, the "decision" points to devote more efforts to developing a mixed ownership economy, promote the state-owned enterprises to improve the modern enterprise system and even corruption in the state-owned enterprises, tackling the problems.
Let’s wait and watch it!
