Promote the construction of world -class enterprises with reform and innovation
July 13, 2022 08:55 Source: "China Social Sciences", July 13, 2022, Issue 2447 Author: Liu Yanhong Wang Yuwen

"Guiding Opinions on Accelerating the Construction of a World -class Enterprise" (hereinafter referred to as "Opinions") clearly proposed,To "accelerate the construction of a batch of products for excellence、Brand Excellence、Innovation leaders、Governance modern world -class enterprises,In a comprehensive construction of a socialist modernization country、Getting greater development in the process of achieving the second century -old struggle target、Make a greater role "。This is the first time that the report of the 19th National Congress of the Communist Party of China has proposed the "cultivating world -class enterprises with global competitiveness",my country about further deepening corporate reform、Strengthen corporate innovation status、Important deployment made by increasing the cultivation of world -class enterprises,It is also the action program for guiding the construction of world -class enterprises in the new era。

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Since the 21st century,With the continuous growth of the company's own comprehensive strength and the continuous deepening of my country's opening up,The global influence and competitiveness of Chinese companies continuously increase,More and more companies are among the world's first -class enterprises。Take the Fortune 500 companies as an example,2000-2021,China (excluding Taiwan) companies have increased from 9 to 135,In terms of quantity, a leap from the number of digits to 100 digits。At the same time,impact on the epidemic of new crown pneumonia,The operating performance of Fortune 500 companies in the world in 2021 is affected to varying degrees,But the total operating income and profit of Chinese companies on the list increased by 7.6%and 8.1%compared with 2020,A bet365 live casino games new high among the top 500 companies in the world,increase to 28.1%and 28.9%, respectively,Become the second largest contributor after the United States。

Looking at the ownership structure of the Chinese list of companies,In 2021, the number of state -owned enterprises hit 96 new highs,The proportion of the top 500 in the world is close to 20%,The proportion of all state -owned enterprises (123) on all listings (123) is close to 80%。At the same time,Non -state -owned enterprises rise rapidly,The number of them increased from 6 in 2011 to 39 in 2021,Not only does the proportion of companies on the list of Chinese list steadily increased,It is still significantly surpassed in the absolute quantity than the United States、Other developed economies outside Japan。The achievements of these achievements,Not only reflects the rapid rise of Chinese enterprises and influence,It also fully demonstrates that China takes public ownership as the main body、The superiority of the basic economic system commonly developed by multiple ownership economies。On the one hand,State -owned enterprises through reform and reorganization,While effectively improving its own operating strength,It played a dominant role in the process of promoting the overall strength of Chinese enterprises; on the other hand,,Non -state -owned enterprises have become an important promoting force to promote the optimization of the structure of Chinese enterprises and the realization of innovation -driven development。

  The construction of world -class enterprises still faces a gap challenge

Although the number and scale advantage of Chinese companies in the world's top 500 is continuously expanding,But there is still a large gap compared to first -class enterprises in Western developed economies represented by the United States。

Looking at the distribution of the industry,Raw material industry represented by non -ferrous metals、Engineering construction and real estate companies (total Bet365 app download 36) in 2021 Chinese list of Chinese companies exceeded 1/4,It constitutes the characteristics of industry characteristics unique to Chinese enterprises。This feature indicates,China's investment -driven economic development model and resource -intensive industries account for a large proportion of the economic structure represented by real estate and infrastructure construction.。Come looking at it,Except for financial companies,Medical care and technology companies accounted for more than 1/4 of the companies on the list in the United States (totaling 32),fully reflects its medicine、The outstanding advantages and technical dense industrial structure characteristics in the field of technology。

Looking at the area distribution,135 Chinese companies on the list in 2021 are distributed in 20 provinces across the country、City、Autonomous Region,But nearly 80%of the enterprises are concentrated in Beijing (59)、The Yangtze River Delta region (23) and the Guangdong -Hong Kong -Macao Greater Bay Area (25) and other economically developed areas,The problem of uneven layout of the corporate area is still very prominent。

From the perspective of business performance,Chinese companies are significantly lower than American companies in the average revenue scale and profit level,There is also a large gap in profitability。2021,The average asset scale of Chinese companies on the list、average revenue and average profit is 327.94 billion US dollars、$ 66.10 billion and US $ 3.54 billion; the US list of companies on the list of US $ 301.35 billion、$ 79.0 billion and US $ 5.12 billion。The average asset size of Chinese companies is about 9%higher than American companies,But the average revenue and profit levels are about 16%and 31%lower respectively。In view of this,The average sales profit rate of Chinese companies on the list、Average asset yields and average net asset yields are 4.53%、1.83%and 8.59%,bet365 best casino games and the US list of companies on the list is 6.95%、3.56%and 29.23%,About 1.5 times China's respective、1.9 times and 3.4 times。In fact,Among the 10 countries on the list,Chinese enterprises rank in the same level on the above three important indicators that reflect the company's profitability and resource allocation efficiency,Not only does it have a large gap with the United States,Also behind Japan、UK and Switzerland and other developed economies。

The above -mentioned structural characteristics and operating conditions indicate,The industry structure and regional layout of Chinese companies are not excellent、The problem of lack of profitability is still more prominent; China's economic investment and factors -driven growth methods have not changed fundamentally,The motivation for innovation -driven development is not enough。

  Help Chinese enterprises development with institutional advantages

"Opinions" from strengthening the cultivation of leading companies、Strengthen the status of corporate innovation subjects、Give the real economy、Support enterprises to enhance global resource allocation and integration capabilities、Improve government supervision and service efficiency、Maintain a fair competitive market environment and guide enterprises to actively and stabilize the international market,Policy measures for accelerating the construction of a world -class enterprise。I think,Improve the status quo of Chinese enterprises in global competition, but insufficient benefits,Cultivate more world -class companies with global competitiveness,Except for actively implementing the above key tasks,It is also necessary to fully consider the development status and structural characteristics of Chinese enterprises,and changes in the development goals and development environment under the new development pattern,Focus on the unique advantages of my country's basic economic system Bet365 app download in cultivating and even enhanced corporate influence and competitiveness。

Among the Chinese companies on the list,Although state -owned enterprises occupy an absolute advantage in terms of quantity,But non -state -owned enterprises present a faster growth rate。2011-2021,The number of latter increases from 6 to 39,The proportion increases from 10%to 29%,To a certain extent, it reflects the increasingly prominent national merger。Looking at the distribution of the industry,The former is mainly distributed in finance、Energy、Metals and materials、Engineering, construction and aerospace defense, the basic and strategic industries of national economy and people's livelihood,and the latter in electrical appliances、Chemical、Textile、Food and other traditional manufacturing fields and the field of technology services represented by Internet services have outstanding advantages。Jingdong、Ali、Tencent and Xiaomi 4 Internet service companies,and Huawei and Lenovo two computers and communication equipment manufacturing companies,There are very outstanding performance in operating performance。From the perspective of revenue scale,Huawei、JD.com and Ali have ranked among the top 100 in the world; from the level of profit level,Tencent、Ali、Huawei and JD.com have ranked among the top 100 in the world,Locate 5 in the profit ranking of Chinese listing companies、6、12 and 14 bits。Affected by industry distribution differences,The two types of enterprises are obviously different in business performance。State -owned enterprises due to finance、Energy and other capital -intensive industries are larger than the proportion,significantly higher than non -state -owned enterprises in asset scale,But relatively inferior to profitability。instead of state -owned enterprises, due to the larger proportion of the competitive industry and the high -tech field,Performance in profitability is even more prominent。Average sales profit margin、Asset Bet365 app download yields and net asset yields in the three core indicators,Non -state -owned enterprises are 1.5 times the state -owned enterprise、3.0 times and 2.1 times。

At the same time,Chinese Enterprise,Especially the external environment of the development of state -owned enterprises has undergone major changes。The world's major economies are generally in key infrastructure、Core technology、Information Security and other fields,Further strengthen the safety review、Raise the threshold for foreign investment。The overseas development of state -owned enterprises has also been restricted by international rules such as more strict competitive neutrality,Then it has an important impact on the role of state -owned enterprises in implementing and promoting the role of the national (overseas) development strategy。

Based on the above situation and characteristics,The construction of world -class enterprises should give full play to public ownership as the main body、Basic economic institutional advantages of the common development of multiple ownership economies。On the one hand,By accelerating the optimization of the state -owned economic layout and structural adjustment,Strengthen state -owned capital in intelligent manufacturing、The layout and leading role of strategic emerging industries such as biological health;,Comprehensive utilization of state -owned enterprises in funds、Technology and talents in terms of element advantages and private enterprises' efficiency and vitality advantages in business management,Effectively enhance the competitiveness of state -owned enterprises in key technology and strategic emerging industries、Innovation power and influence。On the other hand,To further optimize the private economy development environment、Stable entrepreneur expectations,Increase the support for the technological innovation and "going global" participation in international competition and cooperation,Promote more private enterprises in my country to grow bet365 live casino games into a world -class enterprise in the industry segment,Early ranked among the top 500 companies in the world。

  (Author Unit: School of Economics, University of Chinese Academy of Social Sciences)

Editor in charge: Zhang Jing
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