Laozihao is a Chinese term for time－honored brands, or those prominent state－owned enterpr

Laozihao is a Chinese term for time-honored brands, or those prominent state-owned enterprises having a long history and unique generation-old techniques. However, some of these enterprises have become outdated or are operating in the red due to a rigid conventional thinking, loose management or overstaffmg. Do you think such enterprises should be preserved in market-oriented economy？ Write an essay of about 400 words on the following topic: Should Laozihao Be Preserved in Market-Oriented Economy？ In the first part of your essay you should state clearly your main argument, and in the second part you should support your argument with appropriate details. In the last part you should bring what you have written to a natural conclusion or make a summary. Marks will be awarded for content, organization, grammar and appropriateness. Failure to follow the above instructions may result in a loss of marks.

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