SOEs can't distort global market competition
Editor's note: At the closing day of the B20 Summit on Oct 5, the organization submitted a document on its conclusions and recommendations for the G20 ahead of its summit next month. The document was criticized by the China Council for the Promotion of International Trade (CCPIT) and the B20 China Business Council for ignoring Chinese concerns and proposals and for its assertion that China's State-owned enterprises create an uneven playing field for market competition. Two experts shared their views with China Daily's Yao Yuxin. Excerpts follow:
Role of SOEs in global economy is overstated
Both the State Council and the People's Bank of China have introduced some new policies to ensure fair competition and equal access to financing in the market recently.