Moreover, the firms listed on China’s stock exchanges are not representative of the country’s companies. Majority state-owned firms account for two-thirds of the market value of the country’s exchanges, for example, though they are responsible for no more than one-third of Chinese GDP and an even smaller share of employment.
此外，中国上市公司并不代表中国企业。比如，大型国有企业占了中国股市市值的三分之二，但它们只贡献了中国GDP的三分之一弱，对就业的贡献就更小了。