Nobody likes to diet, especially fat cats curled up in safeguarded monopolies.
Now, the Chinese government is promising an end to its corpulent corporations with a rigorous slimming regimen. The railway, power, postal and telecommunications industries in particular have received complaints about excessive charging, poor service and general inefficiency, according to an SDPC official. The official blamed these woes on the monopolistic nature of the operations. Without competition, he said, monopolies have no impulse to raise revenue and reduce cost. Reform the price structure.