Having so many state-owned enterprises ensures the socialist system to be operated in a stable way, as foreign interference is unlikely to happen to the major pillars of China's economy
But the money spend to the society in China can’t be compared to let’s say ...... Germany. 😂😂😂. The state owned enterprises don’t bring real significant benefits to the people in China.
Don't tell them that state owned companies usually turn out to be expensive inefficient failures. The more they believe it now, the more will they call it a garbage theory in the future. And when they try to save it via total governmental control, their whole authocratic economy will crumble. We westerners should simply wait and let them do this job for us. We have enough problems with our own efffed up financial system.
@@johanhirte9661 then look at american healthcare and education system. calling ambulance cost you 2500 dollars, insulin 300 dollars? and giving birth to baby average 10,000 dollars.
@@johanhirte9661 both statements are lies. Well repeated lies from capitalists over the decades but still lies. Laissez-faire has been proven to be bad for every country it has been accepted in. Not so recently example: 1930 recession, 1972 when the USD floated, 2008 Global Financial Crisis. Recent example: Top 50-100 biggest company in most Democratic countries pay zero tax (ongoing). Trump only care about stock market numbers (2020), Texas power outage in 2021. Current example: Covid Vaccine copyright/IP and Vaccine hoarding. State owned enterprises is exactly the right model to bring significant benefit to the people. It's the only stable model that can. Privately owned enterprises by their very nature focus on profit, not "serve the community". Utilities must be owned by the state. This is to ensure consistency and stability. MR Deng and the other leaders are visionary. They planned the right development path for China. Almost everything they planned for, China has achieved. They were right. The results speak for themselves. The Westernsphere on the other hand is very different. Most western governments are disposable parasites. They don't build anything nor make any money. They are non producing blood suckers. They suck public money (Taxpayer money) to spend lavishly. Most of them know they will only be in office for about 4 to 5 years so there is no point in trying to improve anything. They over promise then not deliver. They just want to do nothing and spend money. What can the voter do? sack them at the end of their term? Public services in these countries are incompetent and slow. They are almost useless by design. Don't get me started on their infrastructures building/maintenance. I recommend keeping your projection to yourself.
Sorry but it was from the market practices, 80% of our SOE are inefficient and had a lack of innovation, most of it went bankrupt in 2000s due to its heavy reliance on government subsidies only the large SOE like CNPC and CMCC has proven to make a profit.
Beijing has more billionaires than New York!. We just need to help the 600 million Chinese who make less than $200 a month and we can catch up to Taiwan, Australia, Korea, Japan etc.
State owned enterprises still need competitions to be efficient and innovative, but so do non state enterprises. Some private companies grew so big, they become monopolistic, form cartels and start price gouging. SOE can serve the consumers better by prioritising public needs and inclusiveness above profits.
Free market mean no profit no build So many of the poor area will be without basic infrastructure Like Road, Rail, water, electricity, telecommunication and etc With SOEs all these can be build SOEs does no appraise solely based on profitability
Maybe it doesn't make sense to build infrastructure everywhere. To build and maintain infrastructure is very expensive. The reason why a "make profit" mindset works is that it keeps a sharp eye on the question if the benefits/profits overweight the costs. BTW, there is a channel called "Not just bikes", he talks a lot about cities and explains pretty well why the US infrastructure (especially streets and real estate) is a failure in the US and why it's ruining their states. If your authorities and banks do to many prestige projects and build streets everywhere to nowhere. I ll promise you, economics will ruin China relatively fast. .
@@The_Revolutionist infrastructure is good and very important. But ignoring basic economics will let it crumble in the end and all your efforts will be wasted. I am sure you like to make jokes about the bad shape of the US infrastructure. But it's not the fault of capitalism. It's the fault of short-sighted and unsustainable investments or investments that don't provide, what I like to call, "a hidden economic benefit" that surpass costs in the end. Nonetheless. Simply building homes where nobody lives and streats to nowhere won't make your nation better. The costs will eat your nation. No matter the system, there are thousands of examples around the world. Throwing fresh money at problems don't work in the west and it don't work in China.
@@donkalzone6671 A good example is the blackout of the Texas power grid. Interconnection between Texas grid and outside grid is weak or none. No one would like to invest on it as it is not profitable. While during blackout, most ppl live in hell but rich guy who can afford to pay $2500 for 1kWH can still live as normal. Would you like this happen in your state? This is a big joke for all ppl working in power utilities industry outside of US.
@@JkJK-pb5qm OK that's a good example. But to texas defense, this Blizzard was an unforeseeable event. If someone there ever expected such an event, they would have been prepared. Also, their grid was old and not build for this unusual weather. Beside that Texas is one of the most profitable states as many other red states are. But of course at the expense of the well being of their people. And on the other side there are the bluestates. Like California and New York. Which have a lot of socialprogramms but are in deep deep debts. What do you think how long they can keep up their social programs to help their people? Also look at Spain. There was a phase in the last decade where it had a hugh stimulus program which aim it was to build much more houses. Now, there are a lot of empty houses and ghost cities in Spain. And a lot unnecessary workers specialized in building houses which aren't needed in their profession. Waste of time, money, material and human resources. Do you see? Both ways can cause hugh problems and human suffering. It's a slim line regarding profitability on which "capitalism" and "socialism" works.
True. When Norway nationalized their oil, nobody cared. The German Federal government owns huge chunks of major German companies, nobody cares. The Singapore government owns many major Singaporean companies, nobody cares. But when Iran nationalized their oil, the US overthrew the government. When China nationalized major industries, the world screamed "communism".
The main goal of private companies like Alibaba and Amazon is to enrich their shareholders as much as possible (Profit maximization), while the main goal of SOEs is to achieve national goal which among them, enrich the public (maximize the benefits to as many people as possible). So, their motivations and target beneficiaries are different.
Still, it is important to do business in a way that is not wasteful as waste means robbing the nation of wealth. Some targets may not go for profit (health, education, military) but still, if resources are used efficiently more can be done.
Socialist Economic System is always far better than the neoliberal economic system in our nation . The Media creates this false narrative that Private Enterprise is better than SoE
The soviet union became an industrial superpower in just 30 years after the revolution. Before that (the Russian empire) industrialization was at a pace less than that of a snail (given the size of the empire)
Infrastructure projects, electricity, resources like oil and natural gas all are better off being constructed and maintained by the government. Most of everything else should remain in the private sector with an emphasis and focus on the competition and R&D investment.
Thanks for the video. China now is so confidant to talk about their system. China is so different from west world and so successful, there must be some mechanism behind it.
GM was bailed out by the government during the financial crisis, Boeing is one of the biggest government contractors along with many other big tech or weapon companies. We don't call those companies state owned? To me, they are financially state owned
Government owned companies are the fairest . They are fair to the people. They are owned by the people. In some countries…the super rich owned all the KEY industries in the country and they became super rich and super powerful. They will decide who is the next government.
Most countries privatized their SOEs due to inefficiency, unproductive, and of course corruption. If SOEs in China are richest, then maybe govt workers are very reliable and has strong sense of nationalism.
I would say those governments were corrupt and capitalists pursued them into privatizing SOEs for the low cost. e.g. British state railway wasn’t inefficient or poorly run. Actually on the contrary, it was great. But after privatization the standards started to fall down
The SOE have a social role to fill and can help make the society more balanced....but they need some control and dynamic incentives to avoid nepotism, stagnation, bad resource allocation, and corruption
Private company has a far bigger nepotism and bad resource allocation than SOEs. Since the majority of SOE stocks are owned by the state, not few individuals and vast-majority of big companies in China are SOEs, they can distribute and redistribute their resources without the worry of losing money because it is all within their ecosystem. Basically, Chinese SOEs act like a supermassive company, the "China. Co Group"
@@Commievn To find some other wrong does not make something right, just means there is more to correct. State-owned companies have benefits in some directions but political unities may not always act in the best interests of the nation but more to benefit the officials running the company. This is a risk especially in small locally state-owned companies where officials may be moving from the local government to the company based on connections and not because they have competence. Human nature must have some independent control to avoid this kind of behavior. In private companies, similar actions will also be possible where the management benefits itself and not the employees or the shareholders.
china state owned companies is good because it has the the best of both worlds, cappitalism and communism. it does not commanded by the greed of one capitalist, but the state controls it for its people to get its full benefit for everybody
The same people that run communism, are the people who run everything else... them being in charge of "State" does nothing to morality, if anything it leads to corruption and collusion because they "STATE" protects itself and then everybody else.
@@mickhernandez2665 Uh huh... I guess it depends on your definition of corruption _and_ domination; I'm sure that someone gets punished for it, but I doubt it's justice in most cases, middle management fall men are the gears too, and who believes the disgraced?
SOE is called utility companies in the West, so it's not unique to China. Utility companies are there to ensure that everyone is served and no one is left out due to unprofitability or remoteness. [Updated] US putting some of the SOE on an entity list is prohibiting the SOE becoming privatized or exchange listed company.
Very interested to see how the CPC manages the mixed economy plan. China has produced great theoretical and practical editions to Marxism, but there are still many challenges ahead. To what depth will China open up its economy and how long will it last? Does China have the State mechanisms needed to contain Western influence and prevent a color revolution? Only time will tell.
i just got a notice from the water company that in the near future the company will bill resident customers for garbage collection. 😊😊 Property tax supposed to cover education, fire and law enforcement, and garbage collection.
Those SOEs still need to have some degree of privatisation, it ensure that entrepreneurs, private investors could easily take part into the company, for example CNPC has success injecting their asset on the partly privately owned subsidiary well known as PetroChina.
Can we see more about workplace democracy in the SOEs via the worker's councils? Ownership of the means of production is one of the core values of socialism, but to really be socialist we need workplace democracy. I remember seeing this in action in "How Yukong Moved the Mountain" from the 1970s - is this still a thing in Chinese SOEs?
Wheather its socialist or capitalist one thing is certain there is no chance of democracy in a country where government own almost everything but in a capitalist country government just works for the people and don't interfere in others working but a socialist country will always interfare and there will less freedom of speech
Chinese SOEs are intricably linked to the CPC and its governance of the country. In turn, the Party-state relies on SOEs as an important provider of public-private goods to serve unserved or underserved markets in China' vast expanse, including rural folk and farmers in hard-to-reach areas. USTR focusing her guns on Chinese aviation. Its laughable when both Boeing and Airbus are the greatest beneficiaries of state subsidies and grants from the American and European national govts respectively on record. Any first-year economics student at varsity would have learnt the infant industry argument whereby nascent industries are supported by state subsidies in the hope that they can garner enough competitive strength over time to be internationally competitive one day. Chinese aviation, a fledgling industry is small potatoes compared to its American and European counterparts. Even Chinese national carriers purchase Boeing aircraft in large numbers as the predominant jet to fly on their destination routes given their reliability and fuel efficiency. This is not in the spirit of fair competition. Give them a break!
Beijing has more billionaires than New York!. We just need to help the 600 million Chinese who make less than $200 a month and we can catch up to Taiwan, Australia, Korea, Japan etc.
BOTH PRIVATE COMPANIES AND SOE'S MUST COMPETE IN THE MARKET. YET, WITHIN THE PAST THE PEOPLE OF A NATION WANTED A BIG SHARE OF THE PROFITS OF MINING COMPANIES, TODAY THERE ARE MANY DIFFERENT COMPANIES WITH A MONOPOLIST MARKET POSITION (COMMUNICATION ETC) , MAKING EASELY BIG PROFITS. SO, STATE OWNERSHIP OF BIG COMPANIES GARANTEES HIGHER STATE REVENUES AS TAXATION......... IN THE WEST ECONOMIST DID CLAIM THAT ALL COMPANIES HAD TO BE PRIVATIZED TO BECOME HEALTHY. CHINA HAS SHOWN THAT STATE COMPANIES, LED BY CAPABLE ENTREPENEURS AND TECHNOCRATS, CAN FLOURISH IN THE MARKET.
Most state owned companies turn out to do a terrible job or getting really really expensive or both. They don't work well. It's always a matter of time till they fail. The only reason to exist should be if it's absolutely necessary.
Having so many state-owned enterprises ensures the socialist system to be operated in a stable way, as foreign interference is unlikely to happen to the major pillars of China's economy
Yes. Agree! China's resources are for the Chinese people.
Very true! Clever government!
Meanwhile western is where the enterprises control the goverment and manipulate them lmao
LOL
@@bernardwong816 yep private companies control the government lol
Not efficient? For whom? Capitalists? Government service is for people. They spend money for people. Efficiency is secondary.
But the money spend to the society in China can’t be compared to let’s say ...... Germany. 😂😂😂.
The state owned enterprises don’t bring real significant benefits to the people in China.
Don't tell them that state owned companies usually turn out to be expensive inefficient failures. The more they believe it now, the more will they call it a garbage theory in the future. And when they try to save it via total governmental control, their whole authocratic economy will crumble.
We westerners should simply wait and let them do this job for us. We have enough problems with our own efffed up financial system.
@@johanhirte9661 then look at american healthcare and education system. calling ambulance cost you 2500 dollars, insulin 300 dollars? and giving birth to baby average 10,000 dollars.
@@johanhirte9661 both statements are lies. Well repeated lies from capitalists over the decades but still lies.
Laissez-faire has been proven to be bad for every country it has been accepted in.
Not so recently example: 1930 recession, 1972 when the USD floated, 2008 Global Financial Crisis.
Recent example: Top 50-100 biggest company in most Democratic countries pay zero tax (ongoing). Trump only care about stock market numbers (2020), Texas power outage in 2021.
Current example: Covid Vaccine copyright/IP and Vaccine hoarding.
State owned enterprises is exactly the right model to bring significant benefit to the people. It's the only stable model that can. Privately owned enterprises by their very nature focus on profit, not "serve the community".
Utilities must be owned by the state. This is to ensure consistency and stability. MR Deng and the other leaders are visionary. They planned the right development path for China. Almost everything they planned for, China has achieved. They were right. The results speak for themselves.
The Westernsphere on the other hand is very different.
Most western governments are disposable parasites. They don't build anything nor make any money.
They are non producing blood suckers. They suck public money (Taxpayer money) to spend lavishly. Most of them know they will only be in office for about 4 to 5 years so there is no point in trying to improve anything. They over promise then not deliver. They just want to do nothing and spend money. What can the voter do? sack them at the end of their term?
Public services in these countries are incompetent and slow. They are almost useless by design. Don't get me started on their infrastructures building/maintenance.
I recommend keeping your projection to yourself.
@@elsonsti who said America is a good example !?
The title includes Europe as well.
If it wasn't for the SOEs China wouldn't have gone this far. They were the necessary means to develope new types of enterprises.
Sorry but it was from the market practices, 80% of our SOE are inefficient and had a lack of innovation, most of it went bankrupt in 2000s due to its heavy reliance on government subsidies only the large SOE like CNPC and CMCC has proven to make a profit.
Beijing has more billionaires than New York!. We just need to help the 600 million Chinese who make less than $200 a month and we can catch up to Taiwan, Australia, Korea, Japan etc.
State owned enterprises still need competitions to be efficient and innovative, but so do non state enterprises. Some private companies grew so big, they become monopolistic, form cartels and start price gouging. SOE can serve the consumers better by prioritising public needs and inclusiveness above profits.
Seems correct, however, a system must never stop improving and some ideas which worked in the past may need some rethinking or remodeling.
Free market mean no profit no build
So many of the poor area will be without basic infrastructure
Like Road, Rail, water, electricity, telecommunication and etc
With SOEs all these can be build
SOEs does no appraise solely based on profitability
Maybe it doesn't make sense to build infrastructure everywhere. To build and maintain infrastructure is very expensive. The reason why a "make profit" mindset works is that it keeps a sharp eye on the question if the benefits/profits overweight the costs.
BTW, there is a channel called "Not just bikes", he talks a lot about cities and explains pretty well why the US infrastructure (especially streets and real estate) is a failure in the US and why it's ruining their states.
If your authorities and banks do to many prestige projects and build streets everywhere to nowhere. I ll promise you, economics will ruin China relatively fast. .
@@donkalzone6671
Your Capitalist mindset is deceiving yourself. The more infrastructure the better! No one must be left behind under Communism.
@@The_Revolutionist infrastructure is good and very important. But ignoring basic economics will let it crumble in the end and all your efforts will be wasted. I am sure you like to make jokes about the bad shape of the US infrastructure. But it's not the fault of capitalism. It's the fault of short-sighted and unsustainable investments or investments that don't provide, what I like to call, "a hidden economic benefit" that surpass costs in the end.
Nonetheless. Simply building homes where nobody lives and streats to nowhere won't make your nation better. The costs will eat your nation.
No matter the system, there are thousands of examples around the world. Throwing fresh money at problems don't work in the west and it don't work in China.
@@donkalzone6671 A good example is the blackout of the Texas power grid. Interconnection between Texas grid and outside grid is weak or none. No one would like to invest on it as it is not profitable. While during blackout, most ppl live in hell but rich guy who can afford to pay $2500 for 1kWH can still live as normal. Would you like this happen in your state? This is a big joke for all ppl working in power utilities industry outside of US.
@@JkJK-pb5qm OK that's a good example. But to texas defense, this Blizzard was an unforeseeable event. If someone there ever expected such an event, they would have been prepared.
Also, their grid was old and not build for this unusual weather.
Beside that Texas is one of the most profitable states as many other red states are. But of course at the expense of the well being of their people.
And on the other side there are the bluestates. Like California and New York. Which have a lot of socialprogramms but are in deep deep debts. What do you think how long they can keep up their social programs to help their people?
Also look at Spain. There was a phase in the last decade where it had a hugh stimulus program which aim it was to build much more houses.
Now, there are a lot of empty houses and ghost cities in Spain. And a lot unnecessary workers specialized in building houses which aren't needed in their profession. Waste of time, money, material and human resources.
Do you see? Both ways can cause hugh problems and human suffering. It's a slim line regarding profitability on which "capitalism" and "socialism" works.
There are Singapore companies owned directly or indirectly by the Singapore government. The west doesn't wag a finger at this.
True. When Norway nationalized their oil, nobody cared. The German Federal government owns huge chunks of major German companies, nobody cares. The Singapore government owns many major Singaporean companies, nobody cares.
But when Iran nationalized their oil, the US overthrew the government. When China nationalized major industries, the world screamed "communism".
As long as Singapore adheres to the western narrative....which China doesn't :)
The main goal of private companies like Alibaba and Amazon is to enrich their shareholders as much as possible (Profit maximization), while the main goal of SOEs is to achieve national goal which among them, enrich the public (maximize the benefits to as many people as possible). So, their motivations and target beneficiaries are different.
Still, it is important to do business in a way that is not wasteful as waste means robbing the nation of wealth. Some targets may not go for profit (health, education, military) but still, if resources are used efficiently more can be done.
Shareholding is risk please read muralfund carefully
My advice to everyone is to invest in bitcoin now, bitcoin is $38k it meant hit $60k soon
is the future investing in it now is the wisest thing to do now especially with the current rise
Despite all the economic crisis this is the right time to start up an investment
Stocks are good but crypto is more profitable
I wanted to trade crypto but got confused by the fluctuations in price
@@williamgraph971 That won't bother you if you trade with a professional like Mr Alfredo Lucius
in Indonesia we also have many state-owned enterprises 👍
With so many SOE but the economy grows to 5 times of India's GDP. I start to doubt the economists critics.
Socialist Economic System is always far better than the neoliberal economic system in our nation . The Media creates this false narrative that Private Enterprise is better than SoE
The soviet union became an industrial superpower in just 30 years after the revolution.
Before that (the Russian empire) industrialization was at a pace less than that of a snail (given the size of the empire)
@@sidharthcs2110 yes , and the living standards of common people achieved an Everest High level in USSR and now in PRC and DPRK
@@sidharthcs2110 yes Sidhart, that's why I wonder if you still like sitting under the peepul tree.
@@djunasidharta3812
I'm not a native English speaker..
So , it'll be helpful if you were more direct
You need SOE's to keep bringing in money for pensions & so that taxes can be low,
China has state owned companies. USA has companies owned states.😁
Infrastructure projects, electricity, resources like oil and natural gas all are better off being constructed and maintained by the government. Most of everything else should remain in the private sector with an emphasis and focus on the competition and R&D investment.
Long long time ago, Singapore started these so called "SOE". China copied, do it better and on a bigger scale
Copying models is normal. But to copy and then improve exponentially is fantastic. Keep it up China.
I think is not copying, can call it a learning course...
@@38284LHK That's why Deng say, never mind its white or black cat, as long as it catches mice
they got the idea from the ussr aka the soviet union (first socialist state/country). singapore inspired china to adopt markets.
@@kobemop quite surprised, mind share the link?
Thanks for the video. China now is so confidant to talk about their system. China is so different from west world and so successful, there must be some mechanism behind it.
People over profits should be one important factor shy some entities must remain with the government
GM was bailed out by the government during the financial crisis, Boeing is one of the biggest government contractors along with many other big tech or weapon companies. We don't call those companies state owned? To me, they are financially state owned
Government owned companies are the fairest .
They are fair to the people. They are owned by the people.
In some countries…the super rich owned all the KEY industries in the country and they became super rich and super powerful.
They will decide who is the next government.
Most countries privatized their SOEs due to inefficiency, unproductive, and of course corruption. If SOEs in China are richest, then maybe govt workers are very reliable and has strong sense of nationalism.
I would say those governments were corrupt and capitalists pursued them into privatizing SOEs for the low cost.
e.g. British state railway wasn’t inefficient or poorly run. Actually on the contrary, it was great. But after privatization the standards started to fall down
Because that's how socialism works.
The SOE have a social role to fill and can help make the society more balanced....but they need some control and dynamic incentives to avoid nepotism, stagnation, bad resource allocation, and corruption
Private company has a far bigger nepotism and bad resource allocation than SOEs.
Since the majority of SOE stocks are owned by the state, not few individuals and vast-majority of big companies in China are SOEs, they can distribute and redistribute their resources without the worry of losing money because it is all within their ecosystem.
Basically, Chinese SOEs act like a supermassive company, the "China. Co Group"
@@Commievn To find some other wrong does not make something right, just means there is more to correct. State-owned companies have benefits in some directions but political unities may not always act in the best interests of the nation but more to benefit the officials running the company. This is a risk especially in small locally state-owned companies where officials may be moving from the local government to the company based on connections and not because they have competence. Human nature must have some independent control to avoid this kind of behavior. In private companies, similar actions will also be possible where the management benefits itself and not the employees or the shareholders.
china state owned companies is good because it has the the best of both worlds, cappitalism and communism. it does not commanded by the greed of one capitalist, but the state controls it for its people to get its full benefit for everybody
The same people that run communism, are the people who run everything else... them being in charge of "State" does nothing to morality, if anything it leads to corruption and collusion because they "STATE" protects itself and then everybody else.
@@BlackJacx1 largely impossible. cause in china the punishment for corruption is very heavy. this is why china almost dominates the world now
@@mickhernandez2665 Uh huh... I guess it depends on your definition of corruption _and_ domination; I'm sure that someone gets punished for it, but I doubt it's justice in most cases, middle management fall men are the gears too, and who believes the disgraced?
@@mickhernandez2665 Don't engage with them
@@no-rq7fp The censors may see? ;) Or are we the censors trying to find disloyalty?
China is awesome 👍
SOE is called utility companies in the West, so it's not unique to China. Utility companies are there to ensure that everyone is served and no one is left out due to unprofitability or remoteness.
[Updated] US putting some of the SOE on an entity list is prohibiting the SOE becoming privatized or exchange listed company.
China is the future ❤️❤️❤️❤️🙏
Very interested to see how the CPC manages the mixed economy plan. China has produced great theoretical and practical editions to Marxism, but there are still many challenges ahead. To what depth will China open up its economy and how long will it last? Does China have the State mechanisms needed to contain Western influence and prevent a color revolution? Only time will tell.
i just got a notice from the water company that in the near future the company will bill resident customers for garbage collection. 😊😊 Property tax supposed to cover education, fire and law enforcement, and garbage collection.
People>profit
Those SOEs still need to have some degree of privatisation, it ensure that entrepreneurs, private investors could easily take part into the company, for example CNPC has success injecting their asset on the partly privately owned subsidiary well known as PetroChina.
If well managed I think SOEs are better.
1861 civil war slave hunt
#NATO slave hunt
#asianism
European go back Europe
Asia for Asian
Xenophobia?
Can we see more about workplace democracy in the SOEs via the worker's councils? Ownership of the means of production is one of the core values of socialism, but to really be socialist we need workplace democracy. I remember seeing this in action in "How Yukong Moved the Mountain" from the 1970s - is this still a thing in Chinese SOEs?
We Indians are all born to this world for only one sole purpose in life, to be very, I mean extraordinarily jealous to death about China
Haha..a wumao pretends to be the legendary Last Chang posing as an Indian. Everybody can see through this nonsense.
ua-cam.com/channels/ZSxGwqHSd-NCJJTwQnm0jQ.html
Great Golden China THE WHOLE WORLD & ASIA ARE PROUD OF YOU
🇨🇳👍👍
CHINA for the last10 years has develop their people and infrastructure the west went into decline , the facts are their for all to see
Wheather its socialist or capitalist one thing is certain there is no chance of democracy in a country where government own almost everything but in a capitalist country government just works for the people and don't interfere in others working but a socialist country will always interfare and there will less freedom of speech
the difference is Chinese people control the govt. while other govt s are control by rich big corporations.
Chinese SOEs are intricably linked to the CPC and its governance of the country. In turn, the Party-state relies on SOEs as an important provider of public-private goods to serve unserved or underserved markets in China' vast expanse, including rural folk and farmers in hard-to-reach areas.
USTR focusing her guns on Chinese aviation. Its laughable when both Boeing and Airbus are the greatest beneficiaries of state subsidies and grants from the American and European national govts respectively on record. Any first-year economics student at varsity would have learnt the infant industry argument whereby nascent industries are supported by state subsidies in the hope that they can garner enough competitive strength over time to be internationally competitive one day. Chinese aviation, a fledgling industry is small potatoes compared to its American and European counterparts. Even Chinese national carriers purchase Boeing aircraft in large numbers as the predominant jet to fly on their destination routes given their reliability and fuel efficiency. This is not in the spirit of fair competition. Give them a break!
In the US the military industrial complex owns the government
Keep it up, China!
cause china does a little trolling
Beijing has more billionaires than New York!. We just need to help the 600 million Chinese who make less than $200 a month and we can catch up to Taiwan, Australia, Korea, Japan etc.
Do you know why factories didn't close in China? Because kids don’t catch covid.
Capitalist West mad !!
Did you know?
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CGTN is also an SOE ＼(◎o◎)／
synthetic equity and state unions.
Non only companies are state owned in china. In fact life of citizens is also state owned in china.
BOTH PRIVATE COMPANIES AND SOE'S MUST COMPETE IN THE MARKET. YET, WITHIN THE PAST THE PEOPLE OF A NATION WANTED A BIG SHARE OF THE PROFITS OF MINING COMPANIES, TODAY THERE ARE MANY DIFFERENT COMPANIES WITH A MONOPOLIST MARKET POSITION (COMMUNICATION ETC) , MAKING EASELY BIG PROFITS. SO, STATE OWNERSHIP OF BIG COMPANIES GARANTEES HIGHER STATE REVENUES AS TAXATION......... IN THE WEST ECONOMIST DID CLAIM THAT ALL COMPANIES HAD TO BE PRIVATIZED TO BECOME HEALTHY. CHINA HAS SHOWN THAT STATE COMPANIES, LED BY CAPABLE ENTREPENEURS AND TECHNOCRATS, CAN FLOURISH IN THE MARKET.
Because it's state capitalist? I thought that was obvious
BUT US LEADS BY FAR IN SOBS
The guy should worked on his pronunciation
Ching ching honji
Chaw Chaw paw paw 😂
1:38 3:34
신경북인쇄기획(주)KOreA
78
Most state owned companies turn out to do a terrible job or getting really really expensive or both. They don't work well. It's always a matter of time till they fail. The only reason to exist should be if it's absolutely necessary.
High time to dismantle these soes ,eating up too much resources so not sustainable at all
Fc