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Petrochina'S Top 3 Profits Accounted For 3 Of The Central Enterprises, Causing Disputes Over &Nbsp; Accused Of Excessive Monopoly Products.

2011/10/31 8:32:00 24

Petrochemical Profits Central Enterprises Provoke Controversy Monopoly

SASAC recently announced the "report card" of central enterprises in 2010.

120 central enterprises to achieve

Net profit

852 billion 270 million yuan, an increase of 42.8% over the previous year.

Among them, PetroChina has become the most profitable central enterprise with net profit of 124 billion 180 million yuan, and the petrochemical industry has become the most profitable industry with net profit of 270 billion 540 million yuan.


For this reason

Beautiful

"

School report

"People still seem unhappy.

Some of these questions have attracted some criticism.

Fan Ming, director of the Institute of market economy, Henan University of Economics and Law, believes that in the 120 central enterprises, the net profits of the three top petrochemical companies account for more than 30% of all the profits of the central enterprises, which is abnormal.

MONOPOLY

Product.


The above views are quite representative.

Some commentaries also pointed out that three oil and petrochemical enterprises monopolized the exploitation, import and sale of oil products in China's petroleum and petrochemical industry. The profits of the three giants increased significantly, indicating that the monopoly of petroleum and petrochemical industry is intensifying, and the cake of the industry is concentrated in the hands of monopoly enterprises.

This is obviously inappropriate.


According to the data disclosed by the state owned assets supervision and Administration Commission (SASAC), with regard to the net profit attributable to the parent company, there are only 6 enterprises in the 120 central enterprises, 3 billion 30 million yuan in the Datang Group, 4 billion 140 million yuan in losses in China Unicom, 280 million yuan in losses in China aluminum industry, 1 billion 470 million yuan in losses in Sinosteel group, 40 million yuan in the loss of China Printing Group, and 20 million yuan in the rainbow group.

Compared with 2009,

loss

Enterprises have reduced two.


In the profitable enterprises, the gap between the rich and the poor is very large.

As mentioned above, PetroChina's Sinopec, Sinopec and CNOOC have made huge profits. China Mobile, the communications industry, ranked the second in the profit list after net profit of 97 billion 270 million yuan.

The loss of thermal power in the electric power industry is serious, but the central power grid enterprises and power auxiliary enterprises are earning a lot of money, achieving a net profit of 72 billion 110 million yuan.

Compared with them, machinery and equipment manufacturing, business and air pport industries have sighed.

This scene seems to be even more prominent this year, after all, the 4 trillion yuan infrastructure meal launched in 2008 is coming to an end.

Machinery and equipment manufacturing and construction industry will face the challenge of a more severe market environment.

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There are also studies that show that the performance of state-owned enterprises is not real performance, and state-owned enterprises enjoy various preferential policies. They are very dependent on this kind of preferential treatment.

This is more clear from the distribution of profits.

The stronger the monopoly industries, the more profits the industry will have.


Some commentaries have even suggested that behind the brilliant report card of central enterprises is the blood and tears of small and medium-sized enterprises. "The vitality and motivation of a country with a perfect market economy system lie in private investment and private enterprises. The main force of absorbing employment in China is private enterprises and private enterprises. Their production and living space is so narrow that it is absolutely not a good phenomenon for China's economy as a whole.

At present, the unprecedented difficulties encountered by small and medium-sized enterprises and private enterprises are, in a deeper sense, related to the excessive number of cakes in the economic chain of state-owned enterprises, especially those monopolized by state-owned enterprises.


Fan Ming expressed the need to reflect on the assessment of state-owned monopoly enterprises.

"If the state-owned monopoly enterprises are retained, the basic reason should be that state monopoly can serve the public better.

In this way, the basic assessment of state-owned monopoly enterprises should be whether these state-owned monopoly enterprises provide good products and services for the public, whether the public is satisfied with the products and services of these state-owned monopolies, rather than the amount of excess profits, because excess profit is the performance of inefficient allocation of resources.


He also suggested that independent third parties should conduct a systematic and scientific survey of public satisfaction of state monopoly enterprises, especially for state-owned monopoly enterprises such as three big petrochemical companies who constantly earn excess profits, and take them as an important examination basis for these state-owned monopolies, instead of giving bonuses to top executives of these state-owned monopolies according to their profits.


 
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