Without competition, companies will become inefficient. Which is bad for our overall economic growth, and thus bad for the people.
Even ICBC, the largest company in the entire world, does not have 100% market share in our domestic market. Nowhere close.
Because that leads to inefficiency. There is a reason why monopolies are a classic example of market failure.
The Chinese government is not stupid, they understand economics just as well (or maybe better) than many other governments.
I always predicted that sooner or later, the economic integration between the three largest economic players in Asia : China-Japan-USA.
This thread makes me happy. Everyone profits, prospers.