在线国产一区二区_成人黄色片在线观看_国产成人免费_日韩精品免费在线视频_亚洲精品美女久久_欧美一级免费在线观看

US EUROPE AFRICA ASIA 中文
Business / Economy

'Zombie' companies may receive help to shut down

By Lan Lan/Zheng Yangpeng (China Daily) Updated: 2015-11-07 07:55

'Zombie' companies may receive help to shut down

The government will improve the competence of SOEs and turn them into fully independent market entities. [Photo/IC]

Improved efficiency and innovation result from closing bad businesses, economist says

China is studying policies to help "zombie" companies withdraw from business in order to improve the efficiency of State-owned and private enterprises.

Zombie companies are those that generate money but are unable to pay off their debt and cannot survive without outside support.

Economists have suggested such a mechanism be formulated in 2016.

Allowing "zombie" companies to go out of business is a long-term issue and the government wants to take the opportunity to establish an exit mechanism for unprofitable enterprises, said Feng Fei, vice-minister of industry and information technology.

The disposal of assets will mainly be carried out through market approaches, such as commercial banks accelerating the disposal of nonperforming loans and bad debts. Financial asset management companies can deal with bonded debts for bankrupt or restructured enterprises.

Both the central and local governments need to establish mechanisms to help laid-off workers resettle and train for new employment, said Feng, who previously headed the industry department at the State Council Development Research Center.

Industrial overcapacity has led to a continuous decline in product prices and it's common to see a large number of unprofitable companies in the same industry. China's general industrial output grew 6.2 percent year-on-year in the first nine months, about 0.7 percentage points lower than economic growth during the same period.

The rate of growth in equipment manufacturing was 5.1 percent in the first nine months of the year, joining steel, electrolytic aluminum and cement as a drag on industrial growth.

Huang Yiping, an economics professor at Peking University, and a member of the central bank advisory committee, said if "zombie" enterprises can't be closed, it will become a huge constraint on growth prospects, particularly for the efficiency of resource allocation and innovation.

From an economic perspective, it will be more efficient to use the country's resources to ensure the livelihood of unemployed workers than have unprofitable factories continue to operate, said Huang.

"I'm not saying all the 'zombie' SOEs should be shut down today, but a principle we should adhere to is, if a company cannot make money, we should use the market approach to deal with it, both for SOEs and private companies," said Huang.

A thorny issue might be which companies should be weeded out and which should stay. Local governments are reluctant to shut down SOEs in their own administrative area because many are big taxpayers.

Chen Jia contributed to this story.

Contact the writer at lanlan@chinadaily.com.cn

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 日韩精品毛片 | 日韩精品免费看 | 久久黄色影院 | 韩日av在线 | 逼逼操| 黄色在线免费观看视频 | 精品| 国产一区二区网站 | 国产欧美日韩综合 | 国产精品久久久久久久久免费桃花 | 免费av网站在线观看 | 国产成人在线免费观看 | 亚洲天堂av在线 | 在线观看视频一区二区三区 | 亚洲17p| 欧美一区三区 | 中文字幕理伦片免费看 | 99视频精品 | 日本不卡高字幕在线2019 | 四虎在线免费观看视频 | 亚洲黄色一级 | 天天干网站 | 午夜激情福利视频 | 一级做a爱片性色毛片 | 五月天激情综合 | 亚洲午夜久久久 | 中文字幕一区二区三区视频 | 久久免费小视频 | 又黄又爽又刺激的视频 | 超碰在线国产 | 亚洲天堂色图 | 少妇高潮av久久久久久 | 97国产精品视频 | 欧美日韩精品在线 | 日韩在线视频免费 | 久久人人视频 | 黄色一及片 | 色视频www在线播放国产人成 | 亚洲一区二区精品视频 | 日韩在线视频一区二区三区 | 中文在线观看免费视频 |