Matches in DBpedia 2015-10 for { ?s ?p "Guo jin min tui (国进民退) is a phenomenon in the Chinese economy, meaning "the state advances, the private sector retreats".Despite being less profitable - the average return on equity is 4% - state-owned enterprises have easier access to funding than purely private enterprises. The government has encouraged state-owned enterprises to consolidate, favoured them in regulation, and awarded them contracts and subsidies; this crowds out other competitors, both domestic and foreign, undermining the economy.This contrasts with an earlier phase of economic liberalisation in China, where the private sector was seen as flourishing and generating growth; in the late 1990s, Zhu Rongji weeded out some of the weaker state-owned enterprises.However, in some contexts, "guo jin min tui" has been contrasted with "guo jin min ye jin", meaning "the state and the market develop together"."@en }
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- Guo_jin_min_tui abstract "Guo jin min tui (国进民退) is a phenomenon in the Chinese economy, meaning "the state advances, the private sector retreats".Despite being less profitable - the average return on equity is 4% - state-owned enterprises have easier access to funding than purely private enterprises. The government has encouraged state-owned enterprises to consolidate, favoured them in regulation, and awarded them contracts and subsidies; this crowds out other competitors, both domestic and foreign, undermining the economy.This contrasts with an earlier phase of economic liberalisation in China, where the private sector was seen as flourishing and generating growth; in the late 1990s, Zhu Rongji weeded out some of the weaker state-owned enterprises.However, in some contexts, "guo jin min tui" has been contrasted with "guo jin min ye jin", meaning "the state and the market develop together".".