Comparative Study On Market Performance Before And After The Full-service Operating Restruction Of China Telecommunication Industry

As a pillar industry of the national economy and basic industry,telecom industry plays a very important role in the national economy.Because of the strong economies of scale features,the traditional telecommunications industry is considered to be a typical natural monopoly industries,but with the changes in the telecommunications industry,technological advances and market conditions,the properties of natural monopoly telecommunications industry has been weakened,and the conditions that telecommunications industry continues to maintain a natural monopoly has been changing.With the continuous development of Chinese telecommunication market,and expansion of industry scale,national ministries constantly promote telecommunications restructuring in order to optimize the structure of Chinese telecommunications market and improve market efficiency.Since 1998 telecommunications reform,China has conducted four telecom restructuring until2012.Telecom restructuring has become a heated discussion in the telecommunications industry in recent years.Both the State and enterprises have invested enormous human and financial resources in telecommunications restructuring,so it is worth pondering whether to achieve the desired objectives after the cost in the restructuring.Thus,with the continuous restructuring,systematic assessment of the effect of the reorganization also be placed in front of the reality of Chinese telecommunications industry needs.Under the premise of the telecommunications industry reform theory,this paper describes the necessity of telecom reform by using China telecom industry characteristics,the China telecom reform specific process using the reform course of telecommunication industry and the results of the telecom reform to introduce the reform course of China's telecom industry and the change of market structure.This paper attempts to sort out the telecommunications reform process in order to evaluate the impact of telecommunications reform on the structure of the telecom market and industrial development and analyze the full text through the literature research,quantitative analysis and experience summary of research method.The performancerating index system is divided into three levels,and the primary index is divided into three categories: the operational efficiency of the telecommunications industry as a whole,the telecom industry market structure and telecommunication consumer welfare.This paper uses the three-level index system of the empirical to analyze the market performance after all business restructuring In this paper,the whole research idea is to analyze after all business restructuring,how the changes of China's telecom industry market structure are,what kind of market performance has achieved through the change of market structure and the market performance before and after the restructuring of the telecommunications industry to compare Finally,the corresponding conclusions and relevant policy recommendations are given based on the analysis of the results.The article based on data before and after four years of relevant variables in 2008,carries on the empirical analysis and draws a conclusion of market performance comparison before and after the restruction.Data sources are mainly from China telecom statistical yearbook,the ministry's official website and the three major telecom operator's annual report from 2005 to 2012 and financial statement data.With the continuous development of integration of three networks and the ministry officially released 4G licenses to three big operators in December 2014,the competition pattern will be broken soon.Based on this background,researching on the restructuring reform performance and concluding the corresponding policy recommendations have a good guiding significance for the telecom industry reform in the future.