State Owned Enterprises
Chinese state owned enterprises are owned by a variety of actors such as local governments and governmental agencies. They may benefit from advantages not available for smaller, more innovative firms which have been seen as problematic. In 2010 state owned enterprises won many biddings for renewable energy projects since they did not have worry about paying off investments for several decades and could ignore risks and costs. The owners may attempt to protect their enterprises from competition by regulations or otherwise use their influence in an unfair manner which may stifle more innovative, private competitors. Private enterprises surpassed stated owned enterprises during the 2002-2007 period regarding rapidity of increase of research spending, patent applications, and R&D laboratories. The number of research scientists and engineers increased rapidly in private enterprises while they declined in state owned enterprises.
Read more about this topic: Science And Technology In The People's Republic Of China
Famous quotes containing the words state, owned and/or enterprises:
“Men judge by the complexion of the sky
The state and inclination of the day.”
—William Shakespeare (1564–1616)
“White men have always controlled their wives’ wages. Colored men were not able to do so until they themselves became free. Then they owned both their wives and their wages.”
—Susan B. Anthony (1820–1906)
“One generation abandons the enterprises of another like stranded vessels.”
—Henry David Thoreau (1817–1862)