China's Second Economic Transition: Building National Markets
认为中国已完成从指令经济向市场经济的第一次转型，正迈向构建全国市场而非区域市场的第二次转型，这对培育能参与全国乃至全球竞争的企业至关重要。
My thesis in this essay is that China has largely completed the first transition from a command to a market economy and is now inching toward a second transition, which involves building national rather than regional markets. The transition from regional to national markets, I believe, is imperative so that Chinese firms capable of competing nationally and, ultimately, globally can emerge. Indeed, China has some large firms -twenty-four on the 2007 Fortune Global 500 list. However, most are group corporations -in effect, holding companies -rather than integrated firms capable of formulating and executing strategy centrally.