w88 online casino enterprise reform and rebirth
——Interview with Guo Fei, Director of the China Economic Development Research Center at the w88 casino
(Source: "China Economic Times" 2020-01-20 Page 3 Author: Li Chenggang Pan Yanlin)
In order to implement the decision-making and deployment of the Fourth Plenary Session of the 19th Central Committee of the Communist Party of China on forming a w88 online casino assets supervision system focusing on capital management, the "Implementation Opinions of the w88 online casino Assets Supervision and Administration Commission of the State Council on Accelerating the Transformation of w88 online casino Assets Supervision Functions with Focusing on Capital Management" was issued on November 7, 2019, striving to achieve the transformation from enterprise management to capital management, and continuously improve the ability and level of w88 online casino assets supervision. One day later, the w88 online casino Assets Supervision and Administration Commission of the State Council issued the "Notice on Further Promoting the Construction of a General Pattern of w88 online casino Assets Supervision" to promote the construction of a general pattern of w88 online casino assets supervision and form a game of w88 online casino assets supervision.
Since the reform and opening up, the reform of my country's w88 online casino enterprises has gone through stages such as expanding corporate autonomy, implementing the operating contract responsibility system, and establishing a modern enterprise system. Its essence is to improve corporate efficiency by straightening out property rights relationships and to enhance corporate vitality by introducing a competition mechanism. How to sort out the main achievements of my country's w88 online casino enterprise reform over the past 42 years? What changes have the ideas of w88 online casino enterprise reform undergone? From managing enterprises to mainly managing capital, how to build a w88 online casino assets supervision structure? In response to these issues, a reporter from China Economic Times conducted an exclusive interviewDirector of the China Economic Development Research Center of the w88 casino, Professor Guo Fei of the w88 casino of International Business and Economics. Professor Guo Fei fromEstablishing a modern w88 online casino enterprise system with Chinese characteristics,The answer is given in three aspects: building a w88 online casino assets supervision system with Chinese characteristics and adjusting and optimizing the layout and structure of China's w88 online casino economy.
Creating a modern w88 online casino enterprise system with Chinese characteristics
China Economic Times: If you had to use a brief paragraph, how would you summarize the significance and development process of my country's w88 online casino enterprise reform?
Guo Fei: Reform and opening up is a key move that determines the destiny of contemporary China and is a powerful driving force for the rapid development of contemporary China. In the reform of China's economic system, the "top priority" and "the most difficult problem" is the reform of w88 online casino enterprises. Over the past 42 years of reform and opening up, China's w88 online casino enterprises have gone through a path of arduous exploration, ups and downs, and continuous innovation, and have bravely pioneered the integration of socialist w88 online casino enterprises and the market economy. The reform of China's w88 online casino enterprises has achieved major historic achievements.
China Economic Times: After 42 years of continuous exploration, in what aspects do you think the reform of w88 online casino enterprises has achieved remarkable results?
Guo Fei: I think it is mainly reflected in three aspects: first, the creation of a modern w88 online casino enterprise system with Chinese characteristics, second, the gradual construction of a w88 online casino assets supervision system with Chinese characteristics, and third, the adjustment and optimization of the layout and structure of China's w88 online casino economy.
China Economic Times: Through the reform of w88 online casino enterprises, we have explored and created a modern w88 online casino enterprise system with Chinese characteristics. How to understand this process?
Guo Fei: In the 30 years since the founding of New China, w88 online casino enterprises have made significant contributions to economic construction and social development. However, during the period of the traditional planned economy system, both because in practice they basically copied the Soviet model of enterprises owned by the whole people, and because in theory they conflated ownership and management rights, my country's w88 online casino enterprises basically had no operational autonomy and became appendages or "abacus beads" of the state administrative agencies, which seriously suppressed the vitality and vitality of enterprises.
The Third Plenary Session of the 11th Central Committee of the Communist Party of China not only made the strategic decision to shift the focus of work to economic construction, but also sounded the clarion call for my country to implement reform and opening up. The "Decision of the Central Committee of the Communist Party of China on the Reform of the Economic System" passed by the Third Plenary Session of the 12th Central Committee of the Communist Party of China clearly stated that the socialist economy is a "planned commodity economy based on public ownership" and that "ownership and management rights can be appropriately separated" and that enterprises owned by the whole people should "truly become a relatively independent economy". The entity becomes a socialist commodity producer and operator that operates independently and is responsible for its own profits and losses, with the ability to self-reform and self-development, and becomes a legal person with certain rights and obligations. "This is not only a major breakthrough in the traditional socialist economic theory, but also an initial establishment of the socialist commodity economic theory. On this basis, our party has clearly stated that the goal of my country's economic system reform is to establish a socialist market economic system; it has clearly stated that the establishment of a modern enterprise system is the direction of the reform of my country's w88 online casino enterprises and the basic characteristics of the modern enterprise system and modern property rights system; it has clearly stated that we should vigorously develop mixed ownership of w88 online casino capital, collective capital and non-public capital. to realize the diversification of investment entities and "make joint-stock systems the main form of realization of public ownership"; it is clearly stated that a mixed-ownership economy with cross-shareholding and mutual integration of w88 online casino capital, collective capital, non-public capital, etc. is an important form of realization of the basic economic system, allowing more w88 online casino economies and other ownership economies to develop into mixed-ownership economies. In August 2015, the "Guiding Opinions of the Central Committee of the Communist Party of China and the State Council on Deepening the Reform of w88 online casino Enterprises" was officially promulgated. It not only comprehensively elaborated on the major policies for deepening the reform of w88 online casino enterprises, but also divided w88 online casino enterprises into commercial and public welfare categories, and clearly proposed classification to promote the reform of w88 online casino enterprises. To sum up, our country has created the theory of socialist market economy and w88 online casino enterprise reform theory, and provided theoretical guidance for transforming enterprise operating mechanisms and establishing and improving the modern w88 online casino enterprise system with Chinese characteristics.
China Economic Times: What are the “characteristics” of the modern w88 online casino enterprise system with Chinese characteristics?
Guo Fei: After years of reform and exploration, a modern w88 online casino enterprise system with Chinese characteristics has been established. The "Decision of the Central Committee of the Communist Party of China on Several Major Issues Concerning Comprehensively Deepening Reform" adopted by the Third Plenary Session of the 18th Central Committee of the Communist Party of China pointed out that my country's "w88 online casino enterprises have generally been integrated with the market economy." This is of extremely great significance in the history of economic reform in socialist countries. The modern w88 online casino enterprise system with Chinese characteristics is different from the w88 online casino enterprises in the period of the traditional planned economy system. It has the basic characteristics of a modern enterprise system that can be integrated with the market economy and the capital organization form of modern enterprises such as corporate and joint-stock systems. It is an independent market entity that operates independently in accordance with the law, is responsible for its own profits and losses, bears its own risks, self-discipline, and self-development. The modern w88 online casino enterprise system with Chinese characteristics is also essentially different from the modern enterprise system in capitalist countries. First, the modern w88 online casino enterprise system with Chinese characteristics is a combination of socialist ownership by the whole people (that is, all w88 online casino assets in wholly w88 online casino enterprises and the controlling portion of w88 online casino assets in state-controlled enterprises) and the modern enterprise system. Second, the modern w88 online casino enterprise system with Chinese characteristics adheres to the leadership of the Communist Party of China. In the modern w88 online casino enterprise system with Chinese characteristics, the leadership of the party and the corporate governance structure are intrinsically unified, and the party committee (party group) plays the core role of leadership in the enterprise. Third, the modern w88 online casino enterprise system with Chinese characteristics insists on the ownership of the working class.
Building a w88 online casino assets supervision system with Chinese characteristics
China Economic Times: From managing enterprises to mainly managing capital, what processes have the reform ideas of my country’s w88 online casino assets supervision system experienced?
Guo Fei: During the period of the traditional planned economy system, my country's w88 online casino assets supervision system mainly adopted the management methods of "sections" (central ministries and commissions) and "blocks" (local governments). Its main disadvantages are the lack of separation between government and enterprises, lack of separation between government and capital, administrative subordination, concentration of power, rejection of competition, and lack of incentives. The state regulates enterprises too much and assumes unlimited responsibility for them.
The Third Plenary Session of the 11th Central Committee of the Communist Party of China proposed: A serious shortcoming of our country’s economic management system is that power is too centralized, which should be boldly decentralized with leadership, allowing local governments and enterprises to have more autonomy in management and operation under the guidance of the unified national plan. Thus, the reform of my country's w88 online casino assets supervision system began.
In 1993, the "Decision of the Central Committee of the Communist Party of China on Several Issues Concerning the Establishment of a Socialist Market Economic System" proposed: "A system of unified state ownership, hierarchical government supervision, and independent enterprise operation for w88 online casino assets." 1999 In 2017, the “Decision of the Central Committee of the Communist Party of China on Several Major Issues Concerning the Reform and Development of w88 online casino Enterprises” stated: “We must gradually establish systems and mechanisms for the management, supervision, and operation of w88 online casino assets in accordance with the principles of state ownership, hierarchical management, authorized operation, and division of labor supervision, and establish and improve strict The report of the 16th National Congress of the Communist Party of China proposed: "Establish a w88 online casino assets management system in which the central government and local governments respectively perform the responsibilities of investors on behalf of the country, enjoy the rights and interests of owners, unify rights, obligations and responsibilities, and combine the management of assets with the management of people and affairs. "In 2003, the State Council established the w88 online casino Assets Supervision and Administration Commission (referred to as the w88 online casino Assets Supervision and Administration Commission of the State Council); subsequently, local governments at the provincial and municipal (prefecture) levels established the w88 online casino Assets Supervision and Administration Commission to perform investor responsibilities on behalf of the state for the w88 online casino assets of central and local enterprises under its jurisdiction. As a result, our country has realized the separation of the ownership of w88 online casino assets from the property rights of corporate legal persons from the central to local governments, the separation of the government's social and economic management functions from the functions of w88 online casino asset owners, and the reform of the w88 online casino assets supervision system has entered a new stage.
The "Decision of the Central Committee of the Communist Party of China on Several Major Issues Concerning Comprehensively Deepening Reform" adopted by the Third Plenary Session of the 18th Central Committee of the Communist Party of China proposed: "Strengthen the supervision of w88 online casino assets with a focus on capital management, reform the authorized operation system of w88 online casino capital, establish a number of w88 online casino capital operating companies, and support qualified w88 online casino enterprises to reorganize into w88 online casino capital investment companies." The "Guiding Opinions of the Central Committee of the Communist Party of China and the State Council on Deepening the Reform of w88 online casino Enterprises" emphasizes that it is necessary to promote the transformation of the functions of w88 online casino assets supervision agencies with a focus on capital management, and to reform the w88 online casino capital authorization operation system with a focus on capital management.
China Economic Times: The issuance of the "Implementation Opinions of the w88 online casino Assets Supervision and Administration Commission of the State Council on Accelerating the Transformation of w88 online casino Assets Supervision Functions with Focus on Capital Management" and the "Notice on Further Promoting the Construction of a Big Pattern of w88 online casino Assets Supervision" have any significant significance to the reform idea of focusing on capital management?
Guo Fei: The "Implementation Opinions of the w88 online casino Assets Supervision and Administration Commission of the State Council on Accelerating the Transformation of w88 online casino Assets Supervision Functions by Focusing on Capital Management" and the "Notice on Further Promoting the Construction of a Large-scale w88 online casino Assets Supervision Pattern" are official documents by the w88 online casino Assets Supervision and Administration Commission of the State Council that clarify the specific path for the transformation from managing enterprises to mainly managing capital. The "Implementation Opinions of the w88 online casino Assets Supervision and Administration Commission of the State Council on Accelerating the Transformation of w88 online casino Assets Supervision Functions with Focus on Capital Management" states: Managing capital means optimizing the allocation of w88 online casino capital and managing capital layout; enhancing the vitality of w88 online casino enterprises and managing capital operations; increasing returns on w88 online casino capital and managing capital gains; preventing the loss of w88 online casino assets and managing capital security; strengthening party leadership and managing party building in w88 online casino enterprises. To transform the w88 online casino assets supervision function by focusing on capital management is to change the supervision concept, from direct management of enterprises to more emphasis on supervision based on investment relationships; to adjust the focus of supervision, from focusing on the individual development of enterprises to paying more attention to the overall function of w88 online casino capital; to improve supervision methods, from being accustomed to administrative management to more use of market-based legal means; to optimize supervision orientation, from focusing on scale and speed to paying more attention to improving quality and efficiency. To this end, it is necessary to establish and improve the list of powers and responsibilities, perform duties through the corporate governance structure, delegate powers by classification, and strengthen supervision during and after the event. These important regulations and major measures further clarify the main contents of the functions of w88 online casino assets supervision agencies and the basic framework of the w88 online casino assets supervision system on the premise of adhering to the principles of state ownership, separate representation, separation of government and enterprises, separation of government and assets, and authorized operation, laying the foundation for building and improving the w88 online casino assets supervision system with Chinese characteristics.
Adjust and optimize the layout and structure of China’s w88 online casino economy
China Economic Times: By promoting the reform of w88 online casino enterprises, what adjustments and optimizations have been made to the layout and structure of my country's w88 online casino economy? How to evaluate these changes?
Guo Fei: During the period of the traditional planned economy system, my country's w88 online casino enterprises were too widely distributed, too numerous, with too small an average scale, weak core competitiveness, and low overall quality. With the significant changes in my country's ownership structure and the continuous intensification of domestic and foreign economic competition, in order to give full play to the leading role of the w88 online casino economy and enhance the overall function and efficiency of the w88 online casino economy, my country has adjusted and optimized the layout and structure of the w88 online casino economy.
The report of the 15th National Congress of the Communist Party of China proposed: "It is necessary to strategically adjust the layout of the w88 online casino economy. For important industries and key areas related to the lifeline of the national economy, the w88 online casino economy must occupy a dominant position. In other areas, asset reorganization and structural adjustment can be used to strengthen key points and improve the w88 online casino economy. The overall quality of assets. "The Decision of the Central Committee of the Communist Party of China on Several Major Issues Concerning the Reform and Development of w88 online casino Enterprises" further states: To adjust the layout of the w88 online casino economy, we must adhere to the policy of "adhering to advances and retreats, doing things and not doing things", and provides a basic summary and principled provisions for the main industries and fields that need to be controlled by the w88 online casino economy. The "Decision of the Central Committee of the Communist Party of China on Several Major Issues Concerning Comprehensively Deepening Reform" states: "The investment and operation of w88 online casino capital must serve national strategic goals, invest more in important industries and key areas related to national security and the lifeline of the national economy, focus on providing public services, developing important forward-looking strategic industries, protecting the ecological environment, supporting scientific and technological progress, and ensuring National security." This has effectively promoted the concentration of w88 online casino capital in important industries, key areas and key infrastructure related to national security, the lifeline of the national economy and the national economy and people's livelihood, in forward-looking strategic industries, in large companies and enterprise groups with advanced technology, reasonable structures, flexible mechanisms and strong core competitiveness, and in the main businesses of central enterprises. At the same time, the pace of optimization and reorganization among central enterprises, between central enterprises and local w88 online casino enterprises, and between local w88 online casino enterprises is accelerating. The number of central enterprises supervised by the w88 online casino Assets Supervision and Administration Commission of the State Council has been reduced from 196 in 2003 to 96 currently.
In addition, our country focuses on improving the entire w88 online casino economy and implements the policy of “grasping the large and letting go of the small” for w88 online casino enterprises. The so-called "grasp the big and let go of the small" means focusing on cultivating large-scale enterprises and enterprise groups with strong strength and strong competitiveness, giving full play to their advantages in capital operations, technological innovation, market development, etc., to become the pillars of the national economy and the main force in participating in international competition; at the same time, we should liberalize and revitalize w88 online casino small and medium-sized enterprises, and actively support small and medium-sized enterprises, especially technology-based enterprises, so that they can develop in the direction of "specialization, precision, specialness, and innovation". At present, the total number of w88 online casino enterprises in my country has decreased significantly, the average net assets (owners' equity) of each household has increased significantly, and the proportion of employees in large w88 online casino enterprises to the total number of employees in w88 online casino enterprises has increased significantly.
Over the past 42 years of reform and opening up, my country's w88 online casino enterprises have combined reform and development, not only actively promoting institutional innovation, but also vigorously promoting technological innovation and management innovation. The quality and efficiency of economic operations have been significantly improved, and corporate innovation capabilities and market competitiveness have continued to increase. The value of w88 online casino assets has increased significantly (as of 2018, the net assets of my country's w88 online casino enterprises have reached 75.9 trillion yuan), profits and taxes paid have increased significantly, and a number of large w88 online casino enterprises have ranked among the world's first-class or well-known enterprises. w88 online casino enterprises are an important pillar of socialism with Chinese characteristics and the cornerstone of the fundamental interests of the Chinese people and comprehensive national strength. General Secretary Xi Jinping pointed out that w88 online casino enterprises have an important status and play a key role. We must thoroughly implement Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era and the spirit of the Fourth Plenary Session of the 19th CPC Central Committee, understand the significance of deepening the reform of w88 online casino enterprises in the new era from a strategic perspective, advance the reform of w88 online casino enterprises in a solid and steady manner, continuously enhance the competitiveness, innovation, control, influence, and risk resistance of w88 online casino enterprises, and effectively make w88 online casino enterprises stronger, better, and larger, so that they can play a greater role in the historical process of my country's realization of the "Two Centenary Goals."
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