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Private firms shy away from SOEs

By Zheng Yangpeng in Boao,Hainan | China Daily | Updated: 2014-04-10 07:11

Private firms shy away from SOEs

Entrepreneurs wait for concrete laws as mixed-ownership pushed

Although the central government is encouraging private companies to enter sectors traditionally dominated by State-owned Enterprises, most entrepreneurs still balk at the doorstep of these sectors, according to an informal survey conducted on Wednesday at the Boao Forum for Asia.

More than 30 entrepreneurs at a panel discussion were asked if they became more optimistic about the future of private enterprises after the Third Plenum of the 18th Central Committee of the Communist Party of China last November. The plenum promised a "decisive" role for the market in the economy.

Private firms shy away from SOEs

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