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China Commentary Wrap


A round-up of recent commentary appearing in the Chinese press. 
Compiled by Zhu Na

Petrol Prices Break Above Eight Yuan a Liter - China Youth Daily
The National Development and Reform Commission raised the price of gasoline by 600 yuan a ton on March 20. The retail price of petrol has since broken 8 yuan a liter.
We focus on the losses sustained by oil companies when they refine crude oil that they have imported, but we ignore the monopolistic profits they earn from selling the oil that they extracted themselves. Centrally-administered state-owned enterprises should show more social responsibility and use the profits that they generate from their oil extraction operations to offset their losses on refining imported oil.



Source: www.news.cn

Soaring
Onion Prices - Yanzhao Metropolis Daily
Throughout the agricultural sector, from farmers and hauliers to vegetable dealers and retailers, businesses complain that it’s hard to turn a profit. The root of the problem is that taxes are high and so are prices for basic commodities such as oil. Therefore, in order to beat inflation we need lower taxes and commodity prices.

 


The Youngest “Professor” In China -  Economic Observer Online
Central South University in Changsha on Tuesday hired a 22-year-old fourth year undergraduate Liu Lu (刘路) as a professor-level researcher.
This marks a breakthrough. Firstly, it challenges the tradition of assigning jobs in accordance with qualifications and seniority (论资排辈) in China’s academic institutes. Secondly, it breathes life into academia, creating a new mechanism for young people to be promoted solely on the basis of their scientific research.


Pension Entering Capital Market - Southern Metropolis Daily
In the end, we need to give savers the choice of whether or not their pension funds are invested on the capital markets [… ] Even though this is a policy designed to benefit the people , they, rather than poorly-defined “relevant departments,” should be given the freedom to choose. Otherwise, who can we blame for any losses?

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