Strong marketization key to 'Made in China 2025'
- By Zhang Yan
0 Comment(s)
Print
E-mail China.org.cn, May 22, 2015
|
|
However, attention needs to be paid to the fact that China's Internet industry is much advanced compared to many of the country's other industries. A significant factor in this is that the Internet industry's relatively high degree of marketization means that it faces fewer restrictions than other sectors, especially amid the squeeze of state-owned enterprises. In order to achieve its goals, the "Made in China 2025" initiative needs to strengthen the market's role in motivating the creativity of major market players.
The market is the main channel through which to accomplish "Made in China 2025" plan. Only by motivating more enterprises to become market-oriented, take risks and experiment can China develop products and manufacturing enterprises that satisfy future human demands, gain more market share and foster creativity.
There is no doubt that most pioneers will fail, but there will also be some who succeed. One needs to keep in mind that in the past, the success of some winners in many industries could be attributed to privileged market access, monopolies and even relationships with powerful authorities. Such enterprises will not be competitive enough once they go abroad, even if they are giants in the domestic market.
If similar things keep happening throughout the course of implementing the "Made in China 2025" plan, good results can hardly be achieved. For example, there have been lots of industrial guidance and support policies issued over the past years, but only a limited number of enterprises have developed successfully as a result of these policies. Instead, in some areas where there has been no support, industrial giants have emerged from among the ranks of enterprises that did not receive significant subsidies or support. This calls for some amount of introspection.
As mentioned above, enterprises form the main body of the market, so the most important thing is to create a good environment for the development and innovation of enterprises. At present, there is still room for improvement in areas including industrial market access, taxation reform, administrative approval, government efficiency and the opening up of the financial industry. Of course, necessary reform is also needed in the education and scientific research systems. But what enterprises need most are fair rules and a competitive environment. Fair, open and forceful competition will drive the creativity of enterprises, especially small and medium ones. A good business environment is therefore also an essential condition for the achievement of the goals of "Made in China 2025."
The writer is a current affairs commentator.
The article was first published in Chinese and translated by Li Bin.
Opinion articles reflect the views of their authors, not necessarily those of China.org.cn.
Go to Forum >>0 Comment(s)