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The premier repeated government pledges to give private companies a "level playing field" and "equal access to factors of production"
-- a reference to bank loans and other resources. Despite such promises in the past, most lending still goes to state companies, which also receive low-cost access to energy and land. Advisers including the World Bank have warned China must curb the dominance of state industry, promote competition and support entrepreneurs who generate its new jobs and wealth. In a report last year, the World Bank and a Cabinet think tank warned that without quick action, growth could decline to 5 percent by 2015
-- dangerously low by Chinese standards. The Communist Party sees state companies both as potential tools to drive economic development and as a source of money and jobs to help keep the party in power, which will make change politically difficult.
[Associated
Press;
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