抓大放小 Restructuring Major Enterprises and Relaxing Control over Small Ones
[ 2009-08-25 20:35 ]
A strategy for reforming the State-owned enterprises stressing that the major enterprises in key sectors should be supported to gain further development while the smaller ones should compete in the market.
Initiated in the mid-1990s when the country tried to step up the efficiency of State-owned enterprises as a whole, the strategy was formally accepted as a principle for reforming the public-owned economy in 1997. Big public enterprises were encouraged to develop into groups or establish partnership with each other. Smaller public enterprises were reformed flexibly through market-oriented means, like becoming shareholding businesses, acquisition and merger and contracting managing rights to individuals.
工资指导价 income benchmark
综合能力 all-round ability
资本支出 capital expenditure(capex)
刚性需求 rigid demand
（英语点津 陈丹妮 编辑）