BEIJING, April 10, 2016 (Xinhua) -- Chinese Vice Premier Ma Kai, who is also head of the Leading Group for State-owned Enterprises Reform under the State Council, presides over the 18th plenary session of the leading group in Beijing, capital of China, April 8, 2016. Chinese State Councilor Wang Yong, also vice head of the leading group, also attended the meeting. (Xinhua/Liu Weibing)
BEIJING, April 10 (Xinhua) -- China will continue to propel its ongoing reform on torpid state-owned enterprises (SOE) this year as part of the efforts to restructure the economy, according to a recent government meeting.
The government will work to eliminate barriers to the supply-side structural reform, stimulate the morale and creativity of entrepreneurs and employees, and improve state-owned asset supervision, said a statement issued on Sunday after the conference chaired by Vice Premier Ma Kai on Friday.
The meeting also agreed to establish mechanisms that encourage innovation and allow progress through trials and errors.
Given a continued economic slowdown, China is promoting an overhaul on SOEs to revitalize the public sector of the economy, piloting mixed-ownership reform, liberalizing industries to private capital and encouraging mergers and acquisitions.
The State-owned Assets Supervision and Administration Commission chose two SOEs to pilot reforms covering payment distribution, investment of state-owned capital, mergers and reorganization in February.
Related:
Chinese premier stresses quality, efficiency of SOEs
BEIJING, March 26 (Xinhua) -- Chinese Premier Li Keqiang has called for efforts to improve the quality and efficiency of the state-owned enterprises (SOEs).
Li made the remarks in a written instruction to a meeting on such work on Friday. Full Story
Xinhua Insight: SOE reform, a tough各軍營單位抽肥 nut to crack for China
BEIJING, March 28 (Xinhua) -- Profits jumped dramatically last year for Jintong Rubber Company, a subsidiary of Yankuang Group in east China's Shandong Province, only after a change in ownership.
The hydraulic hose manufacturer's 19 management, technical and sales personnel purchased 45.5 percent of its capital stock in January 2015, one of the first steps in an overhaul of the structure of Yankuang, a state-owned enterprise (SOE) specialized in coal mining and machinery manufacture. After the buy-out, Jintong's profits in the first three quarters was three times the total of 2014. Full Story
公家機關水肥清運
BEIJING, April 10, 2016 (Xinhua) -- Chinese Vice Premier Ma Kai, who is also head of the Leading Group for State-owned Enterprises Reform under the State Council, presides over the 18th plenary session of the leading group in Beijing, capital of China, April 8, 2016. Chinese State Councilor Wang Yong, also vice head of the leading group, also attended the meeting. (Xinhua/Liu Weibing)
BEIJING, April 10 (Xinhua) -- China will continue to propel its ongoing reform on torpid state-owned enterprises (SOE) this year as part of the efforts to restructure the economy, according to a recent government meeting.
The government will work to eliminate barriers to the supply-side structural reform, stimulate the morale and creativity of entrepreneurs and employees, and improve state-owned asset supervision, said a statement issued on Sunday after the conference chaired by Vice Premier Ma Kai on Friday.
The meeting also agreed to establish mechanisms that encourage innovation and allow progress through trials and errors.
Given a continued economic slowdown, China is promoting an overhaul on SOEs to revitalize the public sector of the economy, piloting mixed-ownership reform, liberalizing industries to private capital and encouraging mergers and acquisitions.
The State-owned Assets Supervision and Administration Commission chose two SOEs to pilot reforms covering payment distribution, investment of state-owned capital, mergers and reorganization in February.
Related:
Chinese pr台中清化糞池推薦emier stresses quality, efficiency of SOEs
BEIJING, March 26 (Xinhua) -- Chinese Premier Li Keqiang has called for efforts to improve the quality and efficiency of the state-owned enterprises (SOEs).
Li made the remarks in a written instruction to a meeting on such work on Friday. Full Story
Xinhua Insight: SOE reform, a tough nut to crack for China
BEIJING, March 28 (Xinhua) -- Profits jumped dramatically last year for Jintong Rubber Company, a subsidiary of Yankuang Group in east China's Shandong Province, only after a change in ownership.
The hydraulic hose manufacturer's 19 management, technical and sales personnel purchased 45.5 percent of its capital stock in January 2015, one of the first steps in an overhaul of the structure of Yankuang, a state-owned enterprise (SOE) specialized in coal mining and machinery manufacture. After the buy-out, Jintong's profits in the first three quarters was three times the total of 2014. Full Story
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