Letters

Privatization no economic panacea

Comment on "More SOEs to be going private: Official" (China Daily, Dec 20)

According to the article, "economists say that Beijing must curb the dominance of State companies ... or risk seeing China's growth rate plunge". I doubt this conclusion, because the economists first need to explain why so many countries where private companies dominate, especially those in the West, are facing anemic growth. As scholars they should give facts and figures about these countries rather than making outrageous statements.