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Deputy raps SOEs' imparity on taxes and jobs
(chinadaily.com.cn)
Updated: 2010-03-10 14:18
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China's private entrepreneurs and companies, absorbing an absolute majority of 85 percent of the workforce, have shouldered heavier taxes than State-owned enterprises (SOEs), which employ only 8.2 percent of the workforce, said a?deputy to the legislature in Beijing, the Dayoo.com reported on Wednesday.
Adding to the imparity is the lopsided bank loans. Eighty-five percent of the country's staggering 9.59 trillion yuan ($1.4 trillion) bank loans in 2009 were granted to SOEs, leaving others more vulnerable in the economic recovery, said Li Yongzhong, a National People's Congress (NPC) deputy and Supervisory Committee Chairman of Guangdong Zhongren Construction Group.
"The SOEs consume a large part of the social resources, thus should shoulder their social responsibilities accordingly," said Li at the Guangdong provincial NPC panel discussion.
