学位英语网上报名-高中生物学习方法
世行报告:《中国:2030》
一份468页的报告,本人粗略看了一遍,主要是用提
高效率之类的理由要求国企
改革和金融系统改革,改革的方法包括降低国有持股比率和金融系统开放,利
率
市场化等,但是这样的一份报告实在没有新意,因为它忽略了最重要的两条,第
一是效率:所
谓效率,并不是只有私有化才能达到的,第二是公平:这正是西方
国家无法解决的问题,这份报告也语焉
不详甚至一笔带过。
我所关注的并不是这份报告本身真的是否有价值,而是担心部分既得利益集团
以
改革之名行掠夺之实,利用这份漏洞百出的报告来试探人民的底线而已。
改革,该
怎么改,我认为官员公布个人财产是前提,提高ZF工作效率和透
明度,降低行政成本才是如今改革的重
点,说句简单的,一个官员公开财产制度,
这么简单的改革,到现在也没有实行到位。
报告分两部分 第一部分是总括,第二部分是支持性报告,其中比较关键的
是第二和第三部
分,大量涉及私有化的问题,我会慢慢发出来
总括
Part
I Overview
China 2030: Building a Modern,
Harmonious, and Creative
High-Income
Society.
1 China’s Path: 1978–2030 . 4
中国之路1978-2030
2 A New Development Strategy
for 2030 . . 15 2030之前的发展战略
3 Structural
Reforms for a Market-Based Economy with Sound
Foundations. . . . 25
市场经济为基础的结构改革
4 Increasing the Pace of Innovation. . . . .
. . . . . . . . . . . . . 34
创新之路
5 Seizing the Opportunity of Green Development. .
. . . . . . . . . . . . 39
抓住绿色发展的机遇
6 Equal Opportunity and Basic Security for
All. . . . . . . . . . . . . . . 46
平等机会和社会保障
7 Strengthening the Fiscal
System and Aligning It with the Evolving
Role of Government. . . . . . . . . 55
政府职能改进和财政系统的加强
8 Achieving Mutually
Beneficial Relations with the Rest of World. . 60
与世界保持互动良好关系
9 Overcoming Obstacles
to Implementing Reforms . . 65
改革的主要障碍
Part II Supporting Reports 支持报告
1
China: Structural Reforms for a Modern, Harmonius,
Creative High-Income Society. 77
结构改革:现代、和谐、高收入社会
2 China’s Growth through
Technological Convergence
and Innovation .
161
中国的经济增长与技术、创新
3 Seizing
the Opportunity of Green Development in China .
229
绿色机会
4 Equality of Opportunity
and Basic Security for All. 293
平等机会和基础社会保障
5 Reaching ―Win-Win‖ Solutions
with the Rest of the World . 391
与世界的双赢结果
第一部分
Background to This Research
研究背景
The research was organized by China’s Ministry of
Finance, the
Development Research Center of
the State Council (DRC), and the World
Bank.
The research work and report writing was
undertaken by a joint team
from the World Bank
and the DRC.
中国财政部和国务院发展研究中心以及世界银行
然后就BLABLA一大堆,主要是搞了一些讲座之类的,
第一部分 概览:
Chapter 1 China’s
Path: 1978 to 2030
这段我就不翻译了,都是废话,主要是介绍取得的成就之类
Chapter
2 A New Development Strategy for 2030
第二章:新发展战略
In a recent landmark study, the
Commission on Growth and Development
(2008)
identified five common features in countries that
sustained rapid growth
and development for
extended periods: They exploited opportunities in
the
world economy by maintaining open trade
and investment policies; they
maintained
macroeconomic stability; they enjoyed high savings
and
investment rates; they allowed markets to
allocate resources; and they were
led by
committed and credible governments.
最近的一个研
究指出,高速发展的国家具有5个一般性特质:第一是利用开
放的世界贸易和投资机会,第二是保持宏观
经济稳定,第三是保持高储蓄率和投
资率,第四是允许市场分配资源,第五是可信任和有承诺的政府。
继续翻译,是摘录,就当是帮大家看一遍吧。
The 2030
vision: To build a modern, harmonious, and
creative
high-income society
接着是对 现代社会,和谐社会,创造性社会,高收入社会轮番解释一遍
The case for a new strategy
Realizing China’s vision for 2030 will demand a
new development
strategy. The development
strategy it pursued over the past three decades
was directed at meeting the challenges of a
different era. Not only have the
challenges
changed, so have China’s capabilities. No strategy
lasts forever.
Successful strategies must be
flexible and adjust in accordance with changing
conditions. Middle-income countries unable to
make such adjustments have
stumbled into he
middle-income trap. China’s top decision makers
recognize
this and have made transforming the
economic development pattern the
country’s
most important economic policy ng the development
model is urgent because, as an economy
approaches the technology frontier
and
exhausts the potential for acquiring and applying
technology from abroad,
the role of the
government needs to change fundamentally.
Initiating this
change early helps smooth the
transition from importing new technologies to
innovating and creating new technologies.
这段的大概意思就是中国已经到了中等收入国家的水平,需要从中等跨越到
高收入国家中国需要改革,改革很必要,当经济发展到技术的前沿时,政府需要
转变职能,越早改变就
能够帮助从进口技术到发明和创新。
后面是说发展中国家具有后发优势,例如东亚的一些国家日本,韩国,香港,
新加坡
But when a developing country reaches the
technology frontier, the
correct development
strategy ceases to be so straightforward. Direct
government intervention may actually retard
growth, not help it. Instead, the
policy
emphasis needs to shift even more toward private
sector development,
ensuring that markets are
mature enough to allocate resources efficiently
and
that firms are strong and innovative
enough to compete internationally in
technologically advanced sectors.
但是当发
展中国家遇到技术前沿时,发展策略就需要调整了,直接政府干预
可能妨碍发展,政策应适当倾斜私有化
经济,保证市场的资源有效分配,公司能
够有强的创造力在高技术领域参与国际竞争
-------------------这一段就很有问题,倾斜向私有化本身就不公平,而且目
前
的政策私营的公司并没有很多高科技公司,如果一个公司在高技术领域发展,国
家肯定会支持
,所以是拿现实当策略来说
The role of the
private sector is critical because innovation at
the
technology frontier is quite different in
nature from simply catching up
technologically. The process becomes
essentially one of trial and error, with
the
chances of success highly uncertain. Innovation is
not something that can
be achieved through
government planning. Indeed, the more enterprises
are
involved in the trial-anderror process of
innovation, the greater are the chances
for
technological breakthroughs, and the more likely
that new discoveries will
be translated
into commercially viable enterprises take a
leading
role, the government needs to adopt a
more supportive and facilitating role.
这段说高技术领域需要试错,越多公司参加越好,云云,政府应大力支持等
等
下面一段说的是
政府转变职能,比如人力资本的提高,然后来一段政府应该减少对市场的干
预之类,这些都是做铺垫的
Key characteristics of the new
strategy
The first is improvement in the
quality of growth while continuing to
increase
second is to achieve balanced and sustainable
growth,
consistent with market third is to
strengthen innovation and
fourth is
unleashing China’s full human fifth (and
last) values the role of the market, rule of
law, social values, and high moral
standards.
The first new strategic direction is the
role of the state and the private
second new
strategic direction is encouraging systemwide
innovation and adopting an ―open‖ innovation
system with links to global R&D
third new
strategic direction is that China should ―grow
green.‖
The fourth new strategic
direction is to promote equality of opportunity
and
social protection for fifth new strategic
direction is to build a sustainable
fiscal
system that will meet expected public finance
challenges over the next
two sixth new
strategic direction is to develop mutually
beneficial
relations for the rest of the
world。
主要的战略特质和战略方向
5个战略特质
1.在提高收入的同时提高发展质量
2.可持续发展
3.创新
4.提高人力资本的利用水平
5.对市场职能,法律职能,和道德标准的尊重-
-------------私人以为道德标准应该摆在首位
战略方向
1.国有和私有的领域调整
2.建立联系全球的鼓励创新的系统
3.绿色发展
4.平等机会和社会保护
5.健全财政制度
6.与世界互利发展
------------这里开始釉料了 国有化和私有化领域调整
Chapter 3 Structural Reforms
for a Market-Based Economy with Sound
Foundations
第三章 结构改革
改革的方法包括降低国有持股比率
__________________
如果真有这一条,那只能说世行真够阴险的。另外,支持楼主,我看了这报
告,400多页
英文,压力山大啊。
-----------------------------
确实有 在原文126页 银行改革部分!
Many studies
suggest the potential for significant growth
dividends from
giving the private sector a
greater role in competing with state enterprises
in
key sectors. The greatest benefit is likely
to accrue in so-called ―strategic‖
sectors
where competition has been curtailed. In 2006,
China identified even
strategic sectors where
the state would keep ―absolute control‖—defense,
electricity generation and distribution,
petroleum and petrochemicals,
telecommunications, coal, civil aviation, and
waterway transport.16 In these
sectors, a
handful of state firms might compete with one
another, but they are
protected by barriers
that discourage new entrants. The Chinese
authorities
have also designated ―basic‖ or
―pillar‖ industries—machinery, automobiles,
electronics and information technology,
construction, steel, base metals, and
chemicals—where he state is expected to retain
a ―somewhat strong
influence‖ (Owen and Zheng
2007). Although formal barriers to entry may be
low in these industries, informal entry
barriers convey the clear policy
message—competition from private firms is not
welcome.
These barriers, together with
less favorable regulatory treatment tend to
inhibit private sector growth and development,
dampen innovation and
creativity, and slow
productivity growth.
这一段是说―很多研究指出 在基础领域开放
竞争给私有领域有增长的潜
力‖例如支柱性行业:机械,汽车,电子和信息技术,建设,钢铁,化学
------------这些行业早就开放了,恐怕是想进一步让这领域的国企私有化吧,
这段挺阴险的。
Key reform recommendations
改革建议
The response to the
second question is less straightforward. First,
the
government could securitize its implicit
equity in state enterprises as soon as
possible (in listed state enterprises, the
value of the equity is already known).
This
would pave the way for state enterprise reform by
separating ownership
from management and
introducing modern corporate governance practices,
such as appointment of senior management,
public disclosure of accounts in
accordance
with international practice, and external
auditing.
Second, the government could
consider establishing one or more state
asset
management companies (SAMCs) that would represent
the government
as shareholder and would
professionally manage and trade these assets in
financial markets where feasible. Each SAMC
could specialize in certain
could then, on
behalf of government, gradually diversify the
portfolio over time.
The dividends of
state enterprises would need to be paid to the
SAMCs
who, in turn, would transfer them to the
budget. Finally, a portion of state
assets
could be transferred to the national pension fund
with the flow of returns
being used to help
meet future pension obligations.
政府应
该将国有股证券化,这将铺平国企改革的道路,然后介绍现代企业管
理实践,例如任命高级管理人员,引
入外部审计,并建立一个或多个资产管理公
司进行管理政府的股份,每个资产管理公司应该熟悉自己的领
域
--------------这就是私有化嘛。
继续重头戏,拆分石油,化工,电信,和电力
More
competition—domestic and international—will be key
to improving
the efficiency and innovation
capability of Chinese enterprises. To increase
competition in domestic markets, further
reforms will be needed to support
private
sector firms, such as lowering barriers to firm
entry and exit, breaking
up state monopolies
or oligopolies in key industries (petroleum,
chemicals,
electricity distribution, and
telecommunications),promoting the growth of
dynamic SMEs and increasing their access to
finance, stimulating much
needed regional and
local specialization, and encouraging spontaneous
state enterprise reforms through ’s own past
experience,
together with that of other
countries, shows that increased domestic
competition can result in significant
improvements in productivity.
—— 这段是说拆分
石油,电力,电信,化工 ,降低准入门槛,允许私人公司
进入等,请注意 是拆分!
Factor market reforms
To complete
the transition to a market economy and further
strengthen its
foundations, China needs to
also focus attention on factor markets—capital,
land, and labor—where market reforms have
tended to lag, and consequently,
the remaining
distortions are particularly large. Price,
regulatory, and
institutional changes are
essential to ensure that resources flow to
economic
activities that yield the highest
returns.
基本要素市场改革
完成到市场经济的改革
,中国需要注意要素市场:资本,劳动力,土地改革,
这些改革已经拖慢了,或者有着扭曲的价格,规定
,制度改革将保证要素市场产
生最高的回报
-------------------这段开始说要素市场改
革了,重头戏是要金融去规则化
(deregulation),土地部分没说什么,另外是说要取消户
口制度。
第二部分 支持性报告
Supporting Report 1
China: Structural
Reforms for a Modern, Harmonious, Creative
High-income Society
支持性报告1
支持性报告的重头戏是第一部分 分了6章
A. Rapid
Past Growth and its Sources. . 83
快速增长以及资源
B. The Emergence of Imbalances. . 83
不平衡的增长
C. Avoiding the ―Middle-income
Trap‖ While Addressing Key
Imbalances . . . .
. . . 84
避免中等收入陷阱
D. Possible
Scenarios to 2030. . . . . . . . . . . . . . . . .
. . 87
2030年可能的情况
Chapter 2
Promoting Efficiency and Equity Thr ough
Structural Reform :
结构改革推进效率和平等:从追赶增长到内源性发展
Fr om Catch -up Gr
owth to Endogenous De velopme nt. 91.
A.
Changing the Role of the State . . 91
国家职能转变
B. From Catch-up Growth to
Endogenous Development. . 92
从追赶增长到内源性发展
Chapter 3
Fisc al Policies . 95
财政政策
A. Fiscal System Reform in Line
with the Evolving Role of the State. . . . .
95
政府职能转变中的财政系统改革
B. China’s
Fiscal System—Key Developments to 2010. . 96
中国财政系统-主要发展2010
C. Challenges and
Policy Options for Strengthening China’s Fiscal
System. . . . . . . 98
加强财政系统的政策选择和挑战
Chapter 4
Enterpr ise Sec tor
Reforms . 110
A. The Enterprise Sector and
China’s Vision for 2030. . . . . . . . . . . . .
.110
中国企业前景2030
B. China’s
Enterprise Sector—Key Developments to 2010. .110
2010前中国企业部分
C. Industrial
Interventions . . . . . . . . . . . . . . . . . .
. . . . . .114
国企介入
D. Enterprise
Sector Reforms to Achieve China’s 2030 Vision.
.117
国企改革-2030远景
Chapter 5
Financial System Reforms . 123
A. China’s
Financial System Developments to 2010. . 123
金融系统发展到2010
B. China’s 2030 Vision for
the Financial Sector. . . . . . . . . 125
金融2030展望
C. Key Reforms to Strengthen
China’s Financial System. . 125
主要改革
D. Obstacles and Triggers. . .133
障碍和引发
E. Sequencing of Reforms. . . . . . . . . . .
. . . . . . . . . . . . . . .135
改革的程序安排
Chapter 6
Land Policies. 136
A.
A Key Factor: Land . . . . . . . . . . 136
土地要素
B. Tenure Security in Rural Areas and
Governance. . . 138
农村土地管理
C. Land
Policy and Rural-Urban Integration. .142
城市化和土地政策
D. Land Policy and Municipal
Finance
土地政策和地方财政
1. The
fiscal system. The large social and environmental
agenda over the
next two decades will entail
significant expansion of social protection, health
care, environmental public investment and
recurrent expenditures, mostly by
subnational
governments. However, such increases will need to
be achieved
while maintaining fiscal
sustainability, avoiding levels of taxation which
could
harm growth, easing the fiscal pressures
on subnational governments,and
strengthening
fiscal institutions. Over the next two decades,
then, the
challenge will be six fold:
(i)
changing the composition and improving the
efficiency of public
expenditures in line with
China’s evolving development objectives;
(ii)
improving the efficiency of revenue mobilization;
(iii) realigning revenues with expenditure
responsibilities by raising
selected functions
to higher levels of government and allowing some
governments to charge local taxes; (iv)
bringing all subnational government
borrowing
and the associated spending on budget, subject to
strict controls; (v)
making sub-
provincial transfers more equalizing across lower
levels of
government; and (vi) improving the
accountability and transparency of
governments.
1.财政系统。接下来的20年将面临社会保障,医疗,
环境公众投资的巨大增
长,这种增长有赖于财政系统的可持续性,避免那些可能妨碍增长的税收政策,<
br>舒缓地方政府财政压力,加强财政制度,接下来的20年,挑战分为6方面:1。
与中国发展目标
相对应的有效率的公共支出和构成体系;2 增加财政收入
3.重
新安排地方和中央政府的支出比率以及允许使用地方税 4
控制地方政府借贷和
预算支出 协调 5. 省级政府的统筹支出 6.
提高政府的透明度和可数字化管理
2. The enterprise
sector. A vibrant corporate sector will be
critical for
sustaining relatively fast
growth. The central elements will be further
increases
in competition, especially (but not
only) between the state and non-state
(including private) enterprises in the
―strategic‖ and ―pillar‖ industries where
such
competition has been curtailed; and redefine the
function of state capital
and promote the
securitization and trading of state capital, state
capital should
be used solely for the
provision of public goods and services. This
requires
restructuring the SOE sector,
dismantling monopolies and oligopolies in
sectors where competition would yield superior
results, introducing oversight
arrangements
where monopolies are considered necessary to
ensure that
market power is not abused and
does not serve as a drag on the economy,
and
lowering entry and exit barriers for all
enterprises. Improved allocative
efficiency
will also require further efforts to level the
playing field, especially
between smaller and
larger firms, and between state-owned and non-
state
firms, not only in a legal sense, but
also in the access to key inputs. The
portfolio of SOEs should be diversified, some
state shares should be sold in
the market over
time, and modern corporate governance practices
should be
exercised in SOEs. Finally, this
will require a review and modernization of the
extensive ―industrial policies‖ which the
authorities have used to influence the
structure within and across sectors.
2
.企业部分:有力的企业对于发展至关重要,中心的元素是增加竞争,特别
是国有和非国有企业,重新定
义国有资本和推行证券化以及国有资本交易,国有
资本应当只在公共产品中和服务中存在,这需要重构S
OE(国企),分解能够产
生高产出的垄断和寡头国企,引入规范机制以保证垄断企业不滥用垄断优势<
br>(market power)以及保证不拖累经济,降低准入门槛,提高的分配效率使大企
业和
小企业,国有和非国有取得市场平等位置。国企股权应多样化,一些国企应
该卖出,以及引入现代公司制
度。
3. The allocation of factors of
production. If anything, improving the
efficiency in the use of factors of
production—land, labor, capital—will be more
challenging than reforming the enterprise
sector. However, this is also the
sphere in
which many significant distortions remain,
suggesting much potential
from reforms to
improve resource allocation.
生产要素分配:土地,资本,
人力三要素的效率改革相比企业部分的改革要
更有挑战性,然而也是最容易产生扭曲的市场,这里的改革
也最容易产生潜力。
In land, the principal
challenges are to: (a) enhance rural land tenure
security and ensure the equal treatment of
rural and urban land tenure and
property
rights for social stability, particularly in rural
areas; (b) modernize the
institution of the
rural collective to remain relevant in the face of
evolving shifts
in law and policy; (c) address
the strict separation of rural and urban land
tenure systems, which currently drives the
inefficiencies and inequities
generated by the
process of converting rural land into urban use,
by reducing
the role of state in the land
conversion process and by allowing for more
market-based allocation of land; (d) ensure
the protection of priority farmland
for food
security through comprehensive land use planning;
and (e) introduce
taxation of land and
property to help ease the distortions and social
pressures
created by subnational governments’
reliance on revenues from land transfer
fees.
土地制度方面:1.增加农村和城市土地所有制的安全性和产权保护有利于
社会稳定 2
现代化农村集体所有制相对应的法律和政策 3. 严格分离的城乡土
地所有制度现时使得农村土地城市
化中的无效和不公平,应当减少政府干预由市
场决定分配 4. 土地使用计划来保护粮食安全 5.
用房地产物业税来帮助解决
地方政府过度依赖土地出让金的问题
The
financial sector faces three key reform
challenges. First, there is a
need to
commercialize and rationalize the financial
institutions and markets to
meet the diverse
demands of households, enterprises and government
sectors
for financial services and products.
To this end, financial institutions should be
better governed and operate in a conducive
policy environment and under
competitive
pressure and effective regulation and supervision.
Second, there
is a need to modernize the
regulatory architecture and to introduce a
financial
safety net, a task that has been
made all the more difficult by the limited
independence of regulatory authorities, the
absence of an effective failure
resolution
regime, and the incentives faced by financial
institutions.
Third, the role of the
government needs to be rationalized to enable it
to
focus on the critical functions of a
public-good nature and to refrain from the
direct provision of financing where the market
forces could do better. This
includes reform
of the state-ownership functions over state-owned
financial
institutions.A complementary report
on human development addresses the
issues of
improving the flexibility and efficiency of labor
markets in China, as
many of the constraints
and issues are interrelated with social protection
and
insurance.
金融系统面临三个重要改革挑战。1.商业化和理性
化金融机构来面对家庭,
企业,政府的多样化需求,金融机构应该在导向性的政策环境下运作,以及竞争
的压力和有效的管理和规则,2
有必要管理规则的现代化和建立安全网,这是一
项任务需要有限独立的管理当局--------
这段实在翻不来,可见老美对银行管理也
没辙--------3.
政府应该专注于公共物品领域,从其他可以用市场力量做的刚好的
领域撤出
These reforms are united by
one common theme—―reforming
government‖. For
much of the last three decades, and unlike in high
income
countries, government has maintained a
direct role in allocating resources,
with
instruments such as industrial policy and state
ownership leading to tight
interconnections
between governments and enterprises. In contrast,
in health,
education, social security and
other areas typically considered to require state
involvement because of market failures,
China’s government had initially
retreated.
Traditional arrangements were abandoned and
government
spending lagged behind. The report
identifies specific ways in which the role of
the government can be recalibrated, generally
towards a more limited direct
role in resource
allocation, a more arm’s length relationship
between
government and business, and an
enhanced role in delivering public goods
and
services and ensuring equality of opportunity.
Reviewing the
inter-relationships between
various tiers of government will play a key role
in
this recalibration.
这些改革集中到一个主题就是―政
府改革‖,过去的三十年中,不像高收入国
家,政府扮演直接分配资源的角色,使用工业政策和国有制度
保持和企业的紧密
联系,相反在教育,医疗,社会安全和其他―市场失灵‖领域,中国政府止步不前,<
br>传统的包办式被抛弃了,政府支出减少。
报告指出政府需要重新定位,应在公众服务领域发挥更重要的作用并保证平
等机会,减少与商业的联系
以下转入最重要的第二第三章翻译
这份报告内容蛮空洞的,很多都跟政府报告似的
Chapter 2
Promoting Efficiency and Equity through
Structural Reform: From Catch-up Growth to
Endogenous Development
提升效率和平等,从追赶式增长到内生型增长
A. Changing the Role
of the State
To achieve its vision for
2030, China needs to shift from factor input-
driven
to efficiencydriven growth, from direct
state intervention to more reliance on
markets
and entrepreneurship,and from the absorption of
technologies to
innovation, while
simultaneously correcting economic imbalances and
social
disharmonies.
A 转变政府职能
为了达到2030年远景,中国需要从生产要素投入推动型转变为效率驱动增
长, 从直接的政府干预转
变为更依赖市场和企业家精神,吸收技术转化为创新,
同时纠正经济不平衡和社会不和谐
经过一段一段的BLABLA之后,描述了国企的现状来到了报告的P118,
开始了大家比较关心的国
企改革部分
First, the
government could securitize its implicit equity in
state enterprises
(in listed state
enterprises, the value of the equity is already
known) as soon as
possible. This would pave
the way for state enterprise reform by
separating ownership from management and
introducing modern corporate
governance
practices—appointment of senior management, public
disclosure
of accounts in accordance with
international practice, external auditing, and so
on. Second, the government could consider
establishing one or more state
asset
management companies (SAMCs) that would represent
the government
as share holder and would
professionally manage and trade these assets in
financial markets where feasible. Each SAMC
could specialize in certain
sectors. They
could then, on behalf of government, gradually
diversify the
portfolio and scale back state
ownership over time. The dividends of state
enterprises would need to be paid to the SAMCs
who, in turn, would transfer
them to the
budget. Finally, a portion of state assets could
be transferred to the
national pension fund
with the flow of returns being used to help meet
future
pension obligations.
首先,政府尽快通过证
卷化资产以铺平国企分离所有权和管理权的道路,并
介绍现代企业管理实务,高级经理人任命,根据国际
惯例引入会计公开制度,死
而不,政府考虑建立一个或多个资产管理公司,每个资产管理公司应擅长于专
业
领域,所得的股息纳入国家预算用于未来支付例如养老金等
While the
operational details of the proposed SAMCs can be
elaborated
later, it is important that key
principles are established early. It is critical,
for
example, that SASAC confine itself to
policy making and oversight, leaving
asset
management to the SAMCs. The SAMCs should have
clear mandates,
be independently and
professionally managed, and be subject to publicly
announced performance benchmarks (depending on
the nature of the
enterprises in their
portfolio). In addition, they will need to adhere
to
international standards for transparency,
including on operations and results,
value
creation, profitability, and dividend payments.
国资委将自己的职能限于政策制定,将资产管理的职能留给资产管理公司,
资产管理公司应
由专业人员管理并按照国际惯例披露,增加透明度包括生产状
况,增值,盈利和股息派发
In the medium-term, the expanded scope for private
participation could
be complemented by the
restructuring of remaining SOEs. Building on
China’s
own past experience with corporatizing
and restructuring SOEs, more such
large
enterprises, especially those parent companies
supervised by the central
and provincial
SASACs, could be restructured to mixed ownership
enterprises
and listed corporations.
Furthermore, governments could reduce their
ownership shares in those firms and build up
modern governance featuring
professional
management. One additional benefit of narrowing
the scope of
the SOE sector would be to
strengthen SASACs capacity to supervise its
remaining SOEs.
中期,可以进行在剩余的国企中
相机进行私有化,政府可以减少在这些大型
企业的股份,通过专业管理建立现代管理,一个额外的好处是
规模的减少便于国
资委监督剩余的国企
Also
in the medium-term, China could further spur
competition by
strengthening the Anti-Monopoly
Law (AML) in two ways
接下里主要是讨论 反垄断法了
,又是一段BLABLABLA
2. Further leveling
the playing field
Greater competition
needs to go hand in hand with fairer competition.
This
would enhance allocative efficiency by
helping direct factors of production
towards
their most productive uses.
To this end,
firms of different size or ownership should
compete on a more
level playing field,not only
in a strict legal sense, but also in the terms on
which
they gain access to inputs.
最终,不
同尺寸或不同所有制的企业在一个平等的地位上竞争,不仅是在法
律的意义上,也是在获得生产要素的地
位和条件下
The most promising near-term reforms
to address this issue are outside
the scope of
competition policy, and would focus on directly
tackling key
distortions. These include: (i)
the preferential access to credit by larger firms
or
SOEs, including due to moral hazard (see
financial sector discussion below);
(ii) the
still low level of SOE dividend payments (which
can leave savings within
firms to be deployed
less effectively than in other possible uses); and
(iii) the
implicit advantages which SOEs
gain by their closeness to decision makers
(including through the ministerial status of
CEOs of large firms. A review of
industrial
policies (see below) to remove explicit or
implicit biases in favor of
firms of
particular scale or ownership would also address
such concerns.
在最近的短期,政策应当集中在扭转市场扭曲上,包括:1
金融机构选择性
的贷款 2 国企的低股息派发 3 明显的政策优势上
In
the medium-term, fairer competition could be
promoted by developing
and enacting a set of
laws which would limit potentially distortive
discretionary
actions, including in the realm
of industrial policy. By defining clear ―rules of
the
game‖, such laws would be in the same
spirit as the limits which the WTO
places on
its members’ trade policies, or which the US
Constitution places on
restricting inter-state
commerce. Such rules could contain some of the
most
egregious attempts by central and sub-
national officials to pull in different
directions using crude administrative means.
One such law is the AML, which
has already
been discussed. If this strengthened AML still
left important gaps,
it could be complemented
by additional legislation (possibly in the form of
a
special law) to restrict currently
widespread industrial interventions by central
or sub-national governments. This law should
be actionable, with any
governmental
departments liable to be charged if they impose
interventions
restricted by the law.
中
期,通过法律和工业政策保障平等竞争,通过明确WTO关于其成员的贸
易政策,以及美国宪政关于限制
州与州的商业法律,这些规则应当包含对于行政
命令干预的规定
In the longer-term, to safeguard
fair competition in a single market, China
could consider enshrining limits on the
financial support which its governments
can
directly or indirectly provide to firms. One
recent example is large capital
injections
into major state-owned airlines(Pan, 2010). By
allowing some firms
to absorb losses that a
purely commercial entity would not or could not
absorb,
such support results in unfair
competition. To counter such tendencies,
China should provide its governments with
clear rules of the game in dealing
with
inevitable pressures for aid of one form or
another (Leipziger, et. al, 1997).
This could
build on experience of the European Union (EU) in
implementing
rules on ―state aid‖. While the
EU and China have many important differences,
they face similar problem of regulating anti-
competitive behavior either by
member states
(in the EU case) or by sub-national authorities
(in China’s
case).
长期,为了保证平等竞争,中国应当考虑
立法限制政府直接或间接提高财务
支持给公司,一个最近的例子是大的资本注入到国有航空公司,这样的
支持结果
产生了不平等竞争-----------这里就是瞎扯淡了,美国还BAIL
OUT了几个美国银
行呢,这是什么专家啊~
难怪国资委要反对啊,这是要夺权啊 呵呵~
Chapter 5 Financial
System Reforms
C. Key Reforms to
Strengthen China’s Financial System
1.
Full commercialization and rationalization of the
financial system
Macroeconomic and financial
policies and instruments need to be better
aligned to create incentives for a lasting
transformation to a more commercially
oriented
and effective financial system.
同来-tsy
nearer-估怎么读
debit-cautionary
亡国什么什么成语-针黹
鸦片战争教案-林的拼音
淡的成语-首都医科大学招生网
6612-反对浪费
好奇心的英文-七窍生烟
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