The battle for market share: who is losing?

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Chinese private companies are closing in on foreign ventures as a percentage of the industrial output, writes the China Daily in an overview of economic developments over the past decade. The figures are certainly interesting, but those who are familiar with this weblog must know that I do not see media like the China Daily as a product of journalism, but a tool in explaining the government policies. That makes the paper interesting, but for other reasons than you might think at first glance.
The story here is that private companies are winning market share, from almost zero at the end of the 1990s to over twenty percent in 2007. Of course, our heartfelt congratulations to the private companies, but these statistics are very much the product of Beijing spindoctors.
What is wrong with the first graphic? Indeed, private companies are going up very fast and there is a little dent in the industrial output of foreign ventures or joint ventures. But that is only since 2004 a few percent points. Still interesting, but unfortunately, the real sucker is missing. So, who might have lost over more to the private companies? Was there not this other category of state-owned companies?
So, what is interesting is that the Beijing spindoctors obvious could not write an articles showing that state-owned companies are losing out, so they picked on foreign companies. Unfortunately, even statistical nitwits like me can see that something is rotten here. Time for better spindoctors?

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