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Andrew Gross

Analysts say the possible license cancellation will sound a sharp warning to current producers and may help to straighten up the currently large but less competitive segment.

An oft-asserted critique is that China's SOEs have a lower return on capital than private companies do, implying that the SOEs use resources less efficiently. It's true that the return on assets in the private sector was 7.6 percent versus 3.3 percent for SOEs in 2019, according to the National Bureau of Statistics. But the claim that this implies that these lower capital returns reflect poor efficiency is simply an inaccurate interpretation of economic theory.

An protester holds a sign reading "No Ban, No Wall" at a protest against US President Donald Trump's limited travel ban, approved by the US Supreme Court, in New York City, US, June 29, 2017. [Photo/Agencies]

Animal husbandry and veterinary authorities should keep records on all vehicles transporting pigs, check quarantine certificates and the health of pigs, and make sure that the vehicles are properly washed and sterilized, it said. Public security authorities should hold accountable people who refuse to cooperate with the safety checks, the notice added.