A bad idea that is not funny
Updated: 2013-06-13 22:05
(chinadaily.com.cn)
|
|||||||||||
A government department in Anhui province issued an instruction that requires State-owned enterprises to buy products from each other. This is a bad, absurd idea, says an article in the Economic Observer (excerpts below).
There are already countless jokes about bureaucrats but more are in store.
A recent instruction by the Anhui provincial government could well raise a few laughs. Facing economic difficulties, the department in charge of State properties instructed SOEs under its supervision to buy products from each other.
We can understand their concern – the officials are trying to boost SOE profits. However, such interference sets market barriers against enterprises outside the province and local private-owned enterprises. This will damage the market.
The department has also broken the law. China's Anti-Monopoly Law clearly prohibits government departments to force any individual or company to buy special products.
Related Stories
Experts call for break-up of SOE monopoly on debt concerns 2013-05-29 08:03
China's SOEs face poor profit prospects 2013-05-24 17:39
SOE reform is difficult but important 2013-05-17 22:16
Top SOEs slammed by auditor 2013-05-10 16:17
Today's Top News
Xi Jinping meets with KMT honorary chairman
Shenzhou X docks with space module
Growing demand to buoy food imports
World Bank sees 2013 China growth of 7.7 percent
Suspected food poisoning sickens 160 in S China
France threatens to block start of EU-US trade talks
Lifetime award for Jackie Chan
Desert oasis
Hot Topics
Lunar probe , China growth forecasts, Emission rules get tougher, China seen through 'colored lens', International board,
Editor's Picks
Clearing the air |
Beijing learns a soggy lesson |
President Xi visits 4 countries |
Showtime for Chongqing |
Hunting for clues to fire |
No giving up in finding survivors |