The state-owned corporate improvement structure cannot be replaced by the theory of per procurationem.
国有公司的改进结构不能用采购程序理论来代替。
The state-owned corporate improvement structure cannot be replaced by the theory of per procurationem because the relationship between people and country is not the one of procuration.
国有公司治理结构不能用委托代理论分析，原因在于全民与国家之间的关系不是委托代理关系。
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