Zhu, who oversees economic policy, expects fundamental reform of the state-owned sector to be achieved within three years.
But unfortunately the economics of the state-owned sector and the party's own harsh politics are making that likelier.
But certainly a major challenge in the state-owned sector is to achieve innovation.
The party has cells in most big companies in the private as well as the state-owned sector complete with their own offices and files on employees.
State Enterprises Minister Laksamana Sukardi, in charge of reforming the state-owned sector, is a former banker who joined Vice President Megawati Sukarnoputri's Indonesian Democratic Party of Struggle (PDI-P) in the early 1990s, when it was hardly politically expedient to do so.
It needs to create new jobs for the millions employed in state-owned enterprises and the farming sector whose jobs will become redundant after China joins the World Trade Organization.
Average private earnings rose by just 0.2% in the year to December (in the public sector, excluding state-owned banks, pay went up by 2.4%).
Indeed, the Vice President, John Mahama, has been complaining persistently about "excessive bureaucracy and red-tapeism in the public sector" in the state-owned Daily Graphic.
Debt financing in the People's Republic is virtually nonexistent, equity financing is only about a fourth of what it is in other developing countries and the financial system allocates a disproportionate amount of capital to state-owned enterprises rather than the private sector.
The decision has cautioned consternation in Brazil and Argentina, whose energy firms - such as state-owned Petrobras - have major stakes in the Bolivian gas sector.
In the long run, the cosseting of state-owned firms is bound to hinder the growth of the private sector.
The existence of widespread shadow banking serving the private sector, however, indicates that state-owned enterprises have much easier access to credit.
While ICBC has consistently been the most-profitable big state-owned Chinese bank in recent years, the country's entire banking sector is grappling with slowing profit growth and a potential for more bad loans.
To the European competition authorities, it is arguing that the closure of private-sector nuclear plants unfairly boosts the dominant market position of the state-owned utility, Vattenfall.
State-owned banks still dominate the financial sector and are kept profitable by a positive spread between loan and deposit rates dictated by government policy.
The Alliance's opposition to the government's economic policy is shared by the Christian Democrats (UDC), who want to protect the privileges of public-sector workers and state-owned enterprises.
Moscow's flexing of its muscles in the energy sector - which saw state-owned firm Gazprom temporarily cut off gas supplies to neighbouring Ukraine - as well as new rules for the foreign ownership of Russian companies and export tax rises, all have implications for BP.
Would it make sense to continue extending cheap credit to state-owned heavy manufacturers at the expense of greener private-sector start-ups?
But ideological orthodoxy will ensure a continuation of policies which favor state-owned enterprises and indirectly constrain the growth of the private sector.
The Russian energy sector remains, however, substantially state-owned.
There are 31 state-owned Global 2000 firms versus 25 from the private sector.
Some lawmakers are calling for an inquiry into the oil sector, in particular the running of the state-owned Nigerian National Petroleum Corporation, widely perceived as the home of some of Nigeria's most explosive scandals - and the source of gigantic sums of money.
In February, the heads of China's three state-controlled oil and gas majors -- China National Petroleum Corp (CNPC), Sinopec and China National Offshore Oil Corp (CNOOC) -- met one of Russia's most influential players in the energy sector, Igor Sechin, chief executive of state-owned oil company Rosneft.
Slovenia's mostly state-owned banking sector is suffering from mounting bad debts and the government has struggled to borrow money.
BBC: Slovenia unveils reforms as it seeks to avoid EU bailout
The official PMI is generally seen as reflective of state-owned companies, while the HSBC version is a better proxy for the private sector.
Its state-owned companies and armies of public-sector employees are still pampered at the expense of its entrepreneurs.
Deregulation of the financial sector would open up opportunities currently ignored in a marketplace dominated by large state-owned banks.
Like much of China's banking sector, the two have struggled under the weight of bad debts made to state-owned firms.
The importance of such human investment is also dawning on an unlikely business sector: China's threadbare state-owned enterprises.
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