 抓大放小 Restructuring Major Enterprises and Relaxing Control over Small Ones
[ 2009-08-25 20:35 ]
A strategy for reforming the State-owned enterprises stressing that the major enterprises in key sectors should be supported to gain further development while the smaller ones should compete in the market.
Initiated in the mid-1990s when the country tried to step up the efficiency of State-owned enterprises as a whole, the strategy was formally accepted as a principle for reforming the public-owned economy in 1997. Big public enterprises were encouraged to develop into groups or establish partnership with each other. Smaller public enterprises were reformed flexibly through market-oriented means, like becoming shareholding businesses, acquisition and merger and contracting managing rights to individuals.
相關(guān)閱讀
工資指導(dǎo)價 income benchmark
綜合能力 all-round ability
資本支出 capital expenditure(capex)
剛性需求 rigid demand
（英語點(diǎn)津 陳丹妮 編輯）
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