ABSTRACT
[A]fter entering the WTO … we must face the fact that in capital and technology intensive industrial sectors, not only do we have a weak base and low starting point, but more importantly, our competitive advantage of labour intensive industry will cease. Although we already invest huge capital in a list of essential industries, to be honest, we are not sure whether they can grow up and can compete with global giants. If global giants control our market, most of our firms will be heavily disadvantaged, and our economic growth will likely be stopped by market constraints. Therefore, speeding the development of big business is vital for our survival, and also a strategy task which ensures the security of national industry.
