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Government should respect market's role | Updated: 2013-03-06 21:10

Research from a magazine for Chinese Entrepreneurs shows 54.24 percent of Chinese entrepreneurs think the main obstacle for them to make money is "the government's interference with the market". This problem has existed for a long time. As the Chinese government seeks more control of the economy during the financial crisis, it will become more difficult to solve the problem, says an article of China Business News. Excerpts:

The creation of wealth is related to the distribution of resources. The market has a strong ability to distribute resources. But the market cannot solve all problems. The government should provide necessary public services and products to make up for the market’s shortcomings,

The problem for China is the government's power permeates through almost every corner of the Chinese market, in the form of administrative approval and officials' seeking to make their power available for rent.

The dominance of political power in the market brings about monopolies in many fields

The central government should respect the functions of a market and society to create an open and fair environment for Chinese enterprises, which is the cradle of innovation, but not a hotbed for corruption.

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