China wishes to learn from international experiences and practices in the process of building a socialist market economy with Chinese characteristics. It can be said from the point of view of a socialist market economy, China should do better in terms of employees’ status and their involvement in managing companies. However, we do not have any established principles or framework related to stakeholders.
We will learn by doing and reviewing experiences. Why have we not done better compared with many traditional western economies in this aspect? It has to do with the mistakes in the past. For any country learning from the history and past experiences is a very important, though not an easy task, and one that is liable to misunderstanding.