国内英语新闻:China to collect more earnings from SOEs

"Even if all the profits were collected, it is reasonable," said Zhong Jiyin, economist with the Chinese Academy of Social Sciences. The monopoly status of those enterprises has barred entry of private firms and jeopardize the health of the overall economy, he said.

"The collection of their profits should weaken their ability of monopolizing the market," he said.

But the most crucial matter is how to use the collected money, Zhong said.

The money must be used to improve the well being of the public, for example, in subsidizing tax cuts and increasing income of the poor to promote social equality, said Zhong.