Structural Reorganization
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July 24th, 2008
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The idea that China first began to deal with the challenges posed by the WTO in 2001 is a misconception, several years particularly within certain major industries, such as agriculture, finance ( banking, insurance, securities), the automobile industry, and telecommunications.
The significance of announcing the plan to segment and reorganize China's communication industry is not, therefore, the ultimate realization of a long-drawn reform. In my opinion, it heralds a whole series of reform plans. These plans have the common characteristic of cultivating vigorous market competition through readjustment within industry, and their purpose is to promote the development of various industry, as well as to help absorb the inevitable economics impact that will occur when overseas firms enter the Chinese market. In the Chinese market. In the coming years, the terms "segmentation" and "reorganization" will be the most frequently used and closely associated with the "WTO".
Categories: Telecom
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