SASAC's Efforts on SOEs Innovation Might be Fail
ANBOUND
State-owned Assets Supervision and Administration Commission (SASAC) is calling for the SOEs to play the key role in innovative national construction, however, ANBOUND think tank scholars do not hold optimistic view on it, SASAC's efforts might come to nothing. The reasons are simple: the system in SOEs is a major obstacle for innovation. While practically, the SOEs, particular those monopolies, are not the main body of innovation at all. Besides, their incentive mechanisms discourage innovation, either.