China Needs A Large Number Of Multinational Enterprises To Ensure Quality And Fineness.

< p > in a sense, this first shows that with the upgrading of China's comprehensive national strength, the scale and quantity of large enterprises are rising simultaneously.

But careful analysis of the composition of these companies suggests that you should not be too busy praising the beautiful scenery of the motherland. It seems that the hidden trouble is worth exploring.

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< p > today, the downward pressure on China's economy is increasing. The following news is surprising: US Fortune magazine released the "world top 500 list in 2013", and China's list enterprises increased to 95 in July 8th, continuing to rank second in the world.

Among them, 89 listed companies came from the mainland and Hongkong, and 6 from Taiwan.

There are 16 new companies listed in the mainland, ranking the highest in the world.

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< p > in a sense, this first shows that with the upgrading of China's comprehensive national strength, the scale and quantity of large enterprises are rising simultaneously.

But careful analysis of the composition of these companies suggests that you should not be too busy praising the beautiful scenery of the motherland. It seems that the hidden trouble is worth exploring.

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< p > there are 3 Chinese enterprises in the top ten list, of which PetroChina and SINOPEC are fourth and fifth respectively, compared with last year, and the State Grid is seventh.

This shows that the central enterprises are still flying against the wind, playing the leading role of the giant of Chinese enterprises.

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P contrasts sharply with the fact that there are only 7 private enterprises listed in the mainland, of which two are new.

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< p > this shows that as the main body of the market economy, private enterprises are still facing many bottlenecks in the current policy environment. Besides the impact of the global economic downturn, more domestic institutional reform is not in place, and there is a general lack of fair policy, financing, competition and other external rule of law environment, making it difficult to upgrade the overall industrial structure.

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< p > in addition, a careful analysis will show that the listed companies have been branded with the investment led mode in recent years, mainly in the fields of steel, automobile, resources, chemical industry, finance and so on, while the service industry from the third industry is less.

What is more noteworthy is that, under the guidance of government investment, the 9 commercial banks listed on the list occupy 55.2% of the total profits of all 89 companies, and it is puzzling that the most profitable companies have recently been run up by money shortage in the first half of the year, and the ability to go backward and resist risks has been seriously questioned by the society.

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< p > in addition, the total leverage of Fortune 500 is 8.35 times this year (total assets divided by total stockholders' equity). The total number of enterprises in the United States is 6.65 times, and the total number of enterprises in mainland China is 8.67 times.

Excluding the financial enterprises, China's non-financial listed companies have a leverage ratio of 4.42 times, while the US counterparts are only 2.79 times.

From this, it is a long way to go to squeeze credit in development and achieve a smooth and soft landing for China's economy.

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< p > this list has strong traces of policy economics. It is undoubtedly a strong evidence for the former power to dominate China's economic development.

According to statistics from the people's network, about 60% of the top 500 Chinese companies in the world are headquartered in Beijing, including three major oil companies, three major telecom operators and four state-owned commercial banks.

Beijing is the central power organ distributing center. Such a pattern can not help but create a Lenovo.

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< p > foreign financial observers say that in the past more than 30 years, China's total economic volume has jumped to the second largest in the world, and has become the largest trading country and manufacturing country in the world. However, at the same time, credit expansion, over investment, local debt risk, export dependence, damage to production and excessive government intervention have resulted in unfair and inefficient allocation of resources, which has also become a heavy price for rapid economic growth.

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< p > facing the list of the world's top 500, we must admit that such view is the golden rule of China's economy returning to the track of rapid, stable and healthy development.

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In the face of the outstanding monopoly of the central enterprises, P, as we face the numerous Olympic gold medals in China under the whole nation system, combined with the weak sports and health of the whole people, can hardly inspire people to be encouraged.

After all, Boxing without market players and private enterprises can not last longer.

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< p > Premier Li Keqiang said: "changing the functions of the government is to solve the relationship between the government and the market, the government and the society. By decentralization, we should further play the fundamental role of the market in the allocation of resources, stimulate the vitality of the market players, and enhance the endogenous driving force of economic development. We should shift the focus of government work to create a good development environment, provide quality public services, and safeguard social fairness and justice."

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To achieve such a pformation, China's economy must bear the great pain of falling speed and the deep reform brought about by P.

In this sense, the glorious list of the top 500 can only be seen as a clarion call for further reform. China needs not only a huge number of multinational enterprises, but also quality and quality.

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