Under the influence of financial crisis，the phenomenon of “the state-owned economy advances as the private enterprises withdraw” deserves our attention. The reason for this kind of impression，in terms of short-term policy factor，is related to the extensive intervention measures taken for rescuing the market. From the perspective of long-term system factor，this is closely linked to current basic economic system. But nowadays，when the capital consciousness of the state-owned economy strengthens day by day，the competitiveness raises to some extent，government lays more financial support for the state-owned enterprises and the behavior of government especially the local government tends to be enterprise-like，this kind of inequality can not avoid the phenomenon of “the state-owned economy advances as the private enterprises withdraw”. The profound reason for it is closely in respect of the inclination of emphasizing development while depreciating reform，emphasizing policy adjustment while depreciating system innovation，and of the lost nature of “keep pace with the times” at the beginning of reform and opening-up in economic constitution in recent years. Though the phenomenon of “the state-owned economy advances as the private enterprises withdraw” is merely a partial phenomenon at present，it may spread if the basic economic system can not keep pace with the times to innovate.