China News Agency, Beijing, June 15 Question: Wang Yu, Chairman of Spring Airlines: Private companies need to seek development in participating in national strategies
Author Zhang Duo Yang Chengchen
"Private enterprises must participate in major national strategies. Only when the overall economy is stable and the people are prosperous can enterprises develop better."
The Central Committee of the Communist Party of China and the State Council have recently issued "Opinions on Accelerating the Improvement of the Socialist Market Economic System in the New Era" (hereinafter "Opinions"). In this connection, Wang Yu, chairman of Spring Airlines, recently pointed out in an exclusive interview with a reporter from China News Service.
The Opinions mentioned creating an institutional environment that supports the high-quality development of the non-public economy. It emphasizes that it is necessary to improve the policy system for building a pro-Qing government-business relationship, establish a standardized mechanism for government-enterprise communication channels, and encourage private enterprises to participate in implementing major national strategies.
In 2004, the General Administration of Civil Aviation of China agreed that private enterprises and travel agencies should set up airlines, and Spring and Autumn Travel Agency became the first group of private companies to plan for airlines. Relying on strict cost control and scientific refined management, Spring Airlines has embarked on a path of development under the predominance of state-owned enterprises in the civil aviation industry.
"Spring Airlines is derived from the market-oriented reform of the country and is the beneficiary of the civil aviation industry reform. For many years, Spring Airlines has always adopted the national strategy as an enterprise strategy." According to Wang Yu, Spring Airlines has created the East China Hub and South China Airport Hub Airport hubs, such as the North China Airport Hub, serve national regional strategies such as the integration of Beijing-Tianjin-Hebei, the construction of the "Guangdong-Hong Kong-Macao Greater Bay Area", and the integration of the Yangtze River Delta.
At present, China's economy is facing internal and external challenges, and the new coronary pneumonia epidemic has exacerbated the difficulties of economic recovery. In Wang Yu's view, the introduction of opinions at this time has established confidence for private enterprises, showing that China is addressing difficulties through further reform and opening up. "As a private company, Spring Airlines will face these challenges together with China."
Opinions require adherence to the direction of socialist market economy reform, greater respect for the general laws of the market economy, minimization of the government’s direct allocation of market resources and direct intervention in microeconomic activities, and the full play of the decisive role of the market in resource allocation. Give full play to the role of the government to effectively compensate for market failures.
Wang Yu pointed out that this requirement reiterated the direction of adhering to market-oriented reform, which has great guiding significance for the development of private enterprises. Marketization means fair competition. Private enterprises grow in a competitive environment, and their future development also A fairer and more reasonable environment is needed.
He believes that this opinion will help China promote economic system reform at a higher starting point, higher level, and higher goals.
"The opinion also explained the improvement of the property rights system and the strengthening of the guarantee of the rule of law. These requirements will have a positive impact on the development of private enterprises." Wang Yu analyzed that the protection of the ownership of private capital helps the long-term layout and development of private enterprises; and The rule of law is an important institutional means of the market economy, and perfecting the socialist market economy legal system is conducive to ensuring orderly competition and openness and transparency in the market.
"The most critical thing after the introduction of the opinion is to implement it. All departments should implement the opinion as soon as possible." Wang Yu believes that it is important to launch the implementation details of the opinion as soon as possible.
During the epidemic, tourism companies represented by Spring Airlines have been greatly affected. At the time of the Spring Festival season, Spring Airlines refunded 1.41 million air tickets, with losses of more than one billion yuan.
Faced with pressure and challenges, Spring Airlines actively rescued itself, obtained funds by expanding financing channels, further controlled operating costs, and actively expanded domestic routes in the hope that international routes would not resume.
As the domestic epidemic gradually declined, domestic civil aviation began to recover quickly. It is understood that at this stage, more than 95% of Spring Airlines' domestic flights have been resumed, and the passenger load factor has gradually increased, currently stable at 75%. Wang Yu said that Spring Airlines is currently doing its utmost to resume work and production, and will strive to restore the passenger load factor to the same level as last year's domestic routes at the end of this month, but it will still take time for international routes to resume.
According to the "Basic Situation of Tourism Market 2019" released by the China Tourism Research Institute, China's tourism industry's overall contribution to GDP in 2019 accounts for 11.05% of the total GDP, and tourism direct and indirect employment population accounts for 10.31% of the total national employment population.
Wang Yu pointed out that the tourism industry has made tremendous sacrifices during the New Coronary Pneumonia epidemic. He hopes that China will gradually resume cross-provincial tourism on the basis of ensuring prevention and control of the epidemic and encourage residents to travel and consume. (Finish)