www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

USEUROPEAFRICAASIA 中文雙語Fran?ais
Business
Home / Business / Macro

SOE reforms prove profitable

By Zhong Nan and Ren Xiaojin | China Daily | Updated: 2017-04-14 07:17

SOE reforms prove profitable

A worker checks molten steel at an iron and steel plant in Dalian, Liaoning province. Central State-owned enterprises saw their total revenues surge 19.2 percent to reach 6 trillion yuan in the first quarter of the year. [Photo by Liu Debin/For China Daily]

China's central State-owned enterprises saw their net profits surge 26.5 percent year-on-year to 226.4 billion yuan ($32.9 billion) in the first quarter of this year, thanks to measures including mixed ownership reform, the nation's top SOE regulator said on Thursday.

Shen Ying, chief accountant of the State-Owned Assets Supervision and Administration Commission, said the government will tighten State capital supervision, enhance risk control and deepen SOE reform, especially by carrying out reforms in steel and coal industries this year.

"SASAC will also support central SOEs' participation in the development of the newly announced Xiongan New Area in Hebei province, and central SOEs certainly can find a number of growth opportunities in the new area," said Shen.

A total of 91 central SOEs achieved a rise in revenue during the first quarter, with 54 of them, including defense-related industries, construction materials, pharmaceuticals and modern services, witnessing a rise of 10 percent or more, and sectors such as oil, steel and coal experiencing an increase in revenue of at least 40 percent. Central SOEs saw their total revenues surge 19.2 percent to reach 6 trillion yuan in the first three months.

"The reform will be applied to different SOEs based on their situation. Private companies are also encouraged to participate," Shen said.

Shen said the SASAC will accelerate the pace of cutting the number of "zombie companies" and reduce production capacity, and improve efficiency by streamlining the administration of SOEs.

"Zombie companies" are economically unviable businesses, usually in industries with severe overcapacity, kept alive only with aid from the government and banks.

"Overcapacity has become a major problem for both the public and private sectors. The difference is that private enterprises are more market-conscious, reacting through downsizing, shutdowns or bankruptcy when they are unable to generate a profit," said Shen.

Last year, more than 110,000 workers were affected by SOE reform measures such as capacity reductions, and they have received appropriate compensation, according to the SASAC.

"Unsuccessful action against zombie companies poses a major threat to China's economic structure. China therefore is resorting to SOE mergers to create more global powerhouses and avoid cut-throat competition, in addition to restructuring redundant industries to aid supply-side reform," said Nie Huihua, an economics professor at Renmin University of China in Beijing.

Nie said the central government's reforms aim to explore new State-owned asset management models focused on the management of capital rather than the companies, find effective methods for a mixed-ownership economy, and improve the corporate governance structure.

Contact the writers through zhongnan@chinadaily.com.cn

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 国产成人精品三级在线 | 萌白酱香蕉白丝护士服喷浆 | 精品国产91久久久久 | 九九精品视频在线观看九九 | 日本乱人伦在线观看免费 | 成人免费观看网欧美片 | 一个人看的免费高清视频日本 | 2019天天操天天干天天透 | 小屁孩cao大人免费网站 | 国产三级精品美女三级 | 91精品国产91久久久久久 | 最新国产精品好看的国产精品 | 亚洲精品在线视频观看 | 免费高清一级欧美片在线观看 | 色三级大全高清视频在线观看 | 播播网手机在线播放 | 最新黄网 | 99视频免费播放 | 亚洲第一成人天堂第一 | 国产精品美乳免费看 | 免费看日韩欧美一级毛片 | 亚洲韩国日本欧美一区二区三区 | 国产成人高清视频在线观看免费97 | 99久久免费精品国产免费 | 91精品欧美一区二区三区 | 国产亚洲一级精品久久 | 久久er热这里只有精品免费 | 久久精品国产三级不卡 | 在线观看片成人免费视频 | 99久免费精品视频在线观看2 | 久久女厕一次看个够 | 一男一女搞黄 | 欧美老头老太做爰xxxx | 精品一区二区三区中文 | 亚洲国产精品a一区二区三区 | 亚洲成人看片 | 99久免费精品视频在线观看2 | www.操操操| 免费区欧美一级毛片 | 91久久精品国产91久久性色也 | 久久久久久久免费视频 |