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According to official data released by the Ministry of Finance, state-owned enterprises (SOEs) in China maintained steady operations in the first four months of the year. The SOEs reported an increase in total revenue and profits, with operating revenue reaching over 26.19 trillion yuan ($3.6 trillion), a 3.2 percent increase from the previous year. The combined profits of the SOEs also increased by 3.8 percent to more than 1.38 trillion yuan ($190.5 billion). The debt-to-asset ratio of the SOEs reached 64.9 percent at the end of April, a slight increase from the previous year. These figures were collected from SOEs in provincial-level regions and those administered by the Central Government, excluding financial firms. [Extracted from the article]

According to an article in Beijing Review, China's foreign trade from January to November showed a total of 37.96 trillion yuan, with imports at 21.6 trillion yuan (up 0.3%) and exports at 16.36 trillion yuan (down 0.5%). The article also highlights the increase in exports of major products such as mechanical products, automatic data processing equipment, and mobile phones, while automobile exports saw a significant increase of 79.6%. In terms of imports, mechanical products were prominent. Private enterprises accounted for 6.1% of China's foreign trade during this period, while state-owned enterprises and foreign-funded enterprises saw decreases of 0.8% and 9.0% respectively. China's top four trading partners were the Association of Southeast Asian Nations (ASEAN), the European Union, the United States, and Japan. [Extracted from the article]

The National Development and Reform Commission (NDRC) in China has announced plans to introduce measures to support the development of the private sector. The NDRC aims to establish legislation that promotes the equal status of state-owned enterprises and private businesses. They will also work to ensure the implementation of policies that support the private sector, encourage private investment in significant projects, and support private companies in research and development. The NDRC is committed to addressing the concerns of private firm owners and creating a favorable environment for the growth of the private sector, where entrepreneurship is valued and respected. [Extracted from the article]

Assets under the management of public offering funds totaled 28.8 trillion yuan ($3.95 trillion) as of late July, data from the Asset Management Association of China showed. SOE Revenue State-owned enterprises (SOEs) and state-holding enterprises saw their revenues and profits grow in the first seven months of 2023, the Ministry of Finance said on August 29. BYD Acquisition China's leading new-energy vehicle manufacturer BYD said on August 28 that its holding subsidiary has inked an acquisition framework agreement with the Singaporean subsidiary of United States-based firm Jabil Inc. to buy its manufacturing business in the Chinese cities of Wuxi, Jiangsu Province in east China, and Chengdu, Sichuan Province in southwest China, for 15.8 billion yuan ($2.2 billion). [Extracted from the article]

Local governments can use these funds for disaster relief, emergency response, the relocation of residents, screening flood-related hazards and restoring damaged homes, the authorities said. Chinese authorities earmarked an additional 350 million yuan ($48.5 million) on August 6 to assist flood-hit regions of Beijing and Tianjin municipalities and their surrounding Hebei Province, as well as provinces in northeast China. Insurance companies also accelerated compensation payments in 16 flood-hit regions. [Extracted from the article]

The article focuses on the socialist market economy of China and how it functions to the effect of its industrial policies. Topics discussed include promoting its economic and trade relations with other World Trade Organization (WTO) members by China; decision-making power of state-owned enterprises on their operations and management; and industrial policies of China.

About 3,000 small and medium-sized enterprises (SMEs) will receive additional support this year to improve industrial chain resilience and economic vitality. Additional policies will target any monopolistic behavior that excludes or limits the participation of SMEs in fair market competition, crack down on unfair competition practices and steer financial institutions toward unceased support for SMEs. Luosifen firms are a prime example of private companies invigorating the Chinese market. [Extracted from the article]

The pandemic has most affected Chinese-funded businesses in the consumer services and property sectors in the U.S., while financial and telecommunication enterprises were only slightly affected, and healthcare companies have made progress. During his icebreaking visit to China in 1972, U.S. President Richard Nixon was invited by Chinese leaders to recommend the best American enterprises from 10 sectors to drive economic exchanges between the two countries. In addition to state-owned enterprises such as COSCO Shipping Corp. Ltd. and Air China, private Chinese firms have also gained a footing in the U.S. market. [Extracted from the article]

Exports of major products Mechanical products % of China's exports in the period 59% Labor-intensive products % of China's exports in the period 18.2% Imports of commodities Imports and exports Private enterprises % of China's foreign trade in the period 48.5% State-owned enterprises 5.39 tln yuan Foreign-funded enterprises China's top four trading partners Association of Southeast Asian Nations (Source: General Administration of Customs of China) ($1=6.38 yuan) China's Foreign Trade in January-November (All changes are y.o.y.). [Extracted from the article]

Revenue Profits Total Total Up 26.6% 2.79 tln yuan Up 92.1% 41.44 tln yuan Of centrally administered SOEs Of centrally administered SOEs Up 88.8% Up 24.9% 1.85 tln yuan 23.27 tln yuan Of local SOEs Of local SOEs Up 28.9% Up 100% 931 bln yuan 18.16 tln yuan Debt-to-asset ratio Taxes and fees Down 0.2 percentage point Total Average 3.1 tln yuan Up 21.9% 64.3% Of centrally administered SOEs Of centrally administered SOEs 2.1 tln yuan Up 18.6% 66.9% Of local SOEs Of local SOEs Up 29.9% 945.98 bln yuan 62.6% 100 0 (Source: Ministry of Finance) GRAPH: NUMBERS GRAPH: NUMBERS GRAPH: NUMBERS GRAPH: NUMBERS ($1=6.5 yuan) Performance of State-Owned Enterprises (SOEs) in January-July (All growth rates are y.o.y.). [Extracted from the article]

NATION Kang Jiaxin, 28, has been a freelance interpreter based in Beijing since graduating with a master's degree in 2016. The government will further support flexible employment through multiple channels to stabilize employment, according to a document to support flexible employment released by the State Council in July. For instance, the Beijing Municipal Government launched a policy in October, which says for college graduates whose first job is flexible employment within two years after graduating and leaving school in 2020 or later, a flexible employment social insurance subsidy will be given for up to three years. [Extracted from the article]

Focuses on state-owned enterprise (SOE) reform as key component in China's economic restructuring. Establishment of the State Asset Management Commission (SAMC); Implementation phase of the reform of the state assets management system; Merger of functions of SOE management.

Describes Harbin, capital of China's Heilongjiang Province. Emergence as an international commercial and trade center in northeastern Asia; Emphasis on rigid operational mechanism and low efficiency of State-owned enterprises; Reliance on special ecological environmental and natural resources; Proliferation of tourist sites.

Reports on the progress of the realization of reform and difficulty relief of State-owned enterprises (SOE) in China in 2000. Increase in the economic returns of textile, metallurgical, petrochemical and other sectors; Net profits in terms of regional distribution; Ways in which enterprises have reversed losses.

Tracks the outcome of reforms implemented by the government of China on its state-owned enterprises (SOE). Profits and revenues of SOE in 1999; Aim of turning around financial performance of SOE within three years; Government's support policies for SOE; Debt-to-equity swaps; Interest discounts on enclosed loans and technical renovation loans.

Economic Daily December 29, 2020 The annual Central Economic Work Conference, held from December 16 to 18, 2020, proposed to strengthen the development of high-standard farmland, the most important task in improving the quality of China's cultivated land. The drought and flood resistant farmland is suitable for agricultural mechanization, and will increase grain production. Except for an increase in government spending, the pursuit of developing high-standard farmland across China requires a variety of approaches to encourage the participation of private capitals, such as fiscal subsidies, investment subsidies, as well as the cooperation between government and private enterprises. [Extracted from the article]

Presents the decision of the Central Committee of the Communist Party of China on major issues concerning the reform and development of state-owned enterprises. Objectives of reform; Economic restructuring; Need to speed up the technological progress of the enterprises.

Focuses on the need for reform of state-owned enterprises in China in 1995. Difficulties facing the Chinese state-owned enterprises; Role and contribution of the enterprises in the development of China; Goals for the state-owned enterprises according to Minister Wang Zhongyu of the State Economic and Trade Commission; Details of the reform strategy.

Reports on China's designation of several pilot cities for optimizing the structure of the assets of state-owned business enterprises through mergers. Expansion of policies to encourage the merger of state-owned enterprises; Promotion of merger and cooperation between state-owned enterprises and businesses belonging to other economic sectors; Encouragement of trans-regional and cross-trade transfer of assets.

The article discusses the reform of state-owned enterprises in China which is an important component of the nation's restructuring. Enhancement of overall efficiency of public economy and improvement of entire state-owned capital; Corporation and conglomerate strategy; State's supportive measures to help state-owned enterprises improve production scale, efficiency and competitive capacity; Benefits from merging.

The article offers China economy news briefs. Topics discussed include China's National Equities Exchange and Quotations have gained more technical strength with rise in combined research and development (R&D) expenditure of the firms; Japan's Panasonic plans to team up with GS-Solar to expand their solar panel business; and China has sped up mixed ownership reform of state-owned enterprises with the fourth batch of the pilot SOE list soon to go public.

The article discusses ways to convert China's challenges into opportunities. These challenges include the economic restructuring in an unsettling international environment, concerns related to the Belt and Road Initiative, and the need to reform state-owned enterprises. The nation should compete globally within a system that sometimes privileges the larger over the small.

The article focuses on the reforms in the state capital investment and operation companies (SCIOs) to manage the state-owned enterprises (SOEs) of China. Topics discussed include the increase of profits of the 10 centrally administered SOEs of China, the mission of SCIOs to effectively distribute state-owned capital and its operations, and the significance of SCIOs in the reforming of market system of SOEs.

Engineers install a smart sewing machine in a workshop in the Lintong Production Base of the China Typical Industries Group Co. Ltd., a state-owned enterprise, in Xi'an, Shaanxi Province in northwest China, on November 18. According to the State-Owned Assets Supervision and Administration Commission of Xi'an, assets of municipal state-owned enterprises of the city increased 20.51 percent year on year to 2.12 trillion yuan ($317 billion) by the end of October. [Extracted from the article]

The article calls for the establishment of a new state–owned capital operational budget system by the end of 2006 in China. The launch of the system is intended to standardize and improve the remuneration and distribution system of central state–owned enterprises (SOE). The State–owned Assets Supervision and Administration Commission of the State Council has come to an agreement with the Ministry of Finance for the formulation of the operating and budget system for SOE.

Industrial Enterprises' Profit by Sector Profits of Chinese state-owned enterprises in the first nine months of the year, up 6.6 percent year on year Year-on-year rise in Q3 net profit of the Industrial and Commercial Bank of China, the country's biggest commercial lender, at 83.78 billion yuan. [Extracted from the article]

China's trade surplus in July, with a service trade deficit of 167 billion yuan Amount of fruit China imported in the first half of 2019, a year-on-year growth of 38 percent The total scale of the poverty alleviation fund of centrally administered state-owned enterprises, which has completed the third phase of fundraising. [Extracted from the article]

Announced in 2017, it transfers stakes in state-owned firms to social security funds. The plan will see social security funds directly hold more shares in state-owned enterprises, allowing the funds to benefit from dividends generated by government-owned assets. The state asset transfers will help develop a more fair and sustainable pension system, and make it easier for the government to implement the tax and fee reduction plan. [Extracted from the article]

The article reports on China Silk, state owned enterprise, will be the part of China Poly Group, Chinese business group, in the restructuring of stateowned enterprises (SOEs), and the Central Government has accelerated the pace of restructuring SOEs with similar industrial structure and products.

Reports on the improvement of state-assets management in China to lure investments in state-owned enterprises. Business operations and financial performance of the China-based Shanghai Hongxin Appliance Co. Ltd.; Establishment of the State-owned Assets Supervision and Administration Commission; Characteristics of a socialist market economic; Separation of the government's role in public administration and as the investor of state assets.

Suggests that the brain drain from state-ownded enterprises to private companies poses a challenge for the Chinese economy. Reasons cited by workers leaving state-owned companies to join the private sector; Differences in the operations of government-owned and private businesses; Growth in the number of foreign funded enterprises, joint-stock companies and private firms in the country.

Reports that the Communist Party of China has reached its three-year target for the reform of state-owned enterprises (SOE). Restructuring of the economic layout of SOE; Increase in profits of SOE; Overcoming of economic challenges by most large and medium-sized loss-generating SOE; Establishment of a modern enterprise system; Accomplishment of debt-to-equity swaps.

Focuses on the importance of the state-owned enterprises to the economic conditions of China. Percentage increase on the industrial output value of key enterprises; Profits earned from the key industries; Details on the sales revenue and the total assets of China National Petroleum Corp.

Focuses on a reform of state-owned enterprises (SOE) undertaken by the province of Liaoning, China. Economic contribution of SOE to the province's economy; Changes in the industrial structure and product mix of SOE; Technological innovation; Industrial restructuring; Utilization of foreign capital.

Focuses on the growth of the textile industry in China. Financial difficulties experienced by textile companies during the early 1990s; Impact of the Chinese Government's three-year plan to reform state-owned enterprises on the distribution and structure of the industry; Readjustments made during the reform period.

The article offers economy news briefs from China as of May 3, 2018. Topics include concern of members of the World Trade Organization (WTO) regarding decision of U.S. to impose tariffs on imports of steel and aluminum products, partnership of Chinese ride-sharing giant Didi Chuxing with 31 auto industry firms to build an integrated car operator platform, and transformation of state-owned enterprises (SOEs) into limited companies or corporations in China.

The author reflects on the advantage of the participation of state-owned enterprises (SOEs) in China on the Belt and Road Project to ensure its success. He explains the goal of the project particularly in advancing international cooperation by building major international corridors and deepen cooperation. The author also provides development of the project, which is anticipated to boost economic development.

The article offers information on foreign investments for restructuring of state-owned enterprise (SOEs) in China. Topics discussed include view of Xiao Yaqing, Minister of the State-Owned Assets Supervision and Administration Commission of the State Council (SASAC), on the SOE reform in China; mixed-ownership and employee stock-option reform in China Tea; and use of advanced foreign technologies and overseas sales channels.

The article presents news biefs on the economy of China. It informs on the restructuring approval of the three centrally administered state-owned enterprises (SOEs) including China National Arts and Crafts (Group) and Sinolight into China Poly Group by the government. Guideline released by the Chinese Government on banning outbound direct investments (ODI) in hotels, real estate, and sports. And slower growth reported in China's property market.

Focuses on the key role of state-owned enterprises in a socialist market economy in China. Imposition of `inclination strategy' on basic industries; Cites leading and organizational roles; Primary source of tax revenue due to implementation of reform 16-odd.

Reviews the policies of China regarding reform and opening up of state-owned enterprises over the period 1978-1994. Division of the period into three stages; Analysis of the reform activities during the three periods.

Reports on the increased number of state-owned firm mergers in China. Launching of the Donglian Petrochemical Group, the largest state-owned petrochemical conglomerate in China; Five companies that consist the association; Comments from Chinese Vice-Premiere Wu Bangguo; Benefits from the association.

Focuses on the implementation of market oriented reforms and the development of diversified economic sectors in Wenzhou, China. Effect on state-owned enterprises; Market strategies implemented by Zhejiang Oriental Group; Growth of shareholding enterprises; Success of the private businesses of entrepreneur Wang Junyao.

The article discusses mixed-ownership reforms launched for centrally administered state-owned enterprises (SOE) in China. Topics covered include an increase in revenues and profits of SOEs overseen by the State-Owned Assets Supervision and Administration Commission (SASAC) in the first quarter of 2017 and the need for SOEs to carry out institutional reforms in order to improve their business performance.

The article discusses need for the government of China to focus towards mixed ownership reform of state-owned enterprises (SOEs) that faces considerate practical difficulties. It presents the views of Huang Shuhe, a member of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), on lack of progress has in mixed ownership reform. It also suggests businesses to make an individual plan based on its own development strategy and internal business restructuring.

This section offers economic news briefs in China for the week of February 16, 2017. Topics mentioned include global ratings agency Fitch's forecast about an increase in the sales of retailers to be driven by the recovery in luxury spending, People's Bank of China's move to raise the interest rates for reverse repurchase agreements, and the government's plan to complete ownership reforms at over 100 centrally administered state-owned enterprises by the end of the year.

The article reports on Chinese state-owned enterprises (SOEs) that have set up overseas branches around the world. Topics discussed include information on the Silk Road Economic Belt and the 21st-Century Maritime Silk Road (Belt and Road) initiative proposed by Chinese President Xi Jinping in 2013, number of SOEs that had set up overseas branches abroad, and remarks from Zou Weimin, president of MCC Overseas Ltd.

The article focuses on Metallurgical Corp. of China (MCC) which specialized in the planning, exploration and building of production facilities for China's steelmakers. Topics covered include the losses suffered by MCC due to global economic slowdown, the decision of MCC executives to allocate resources on developing its metallurgical business despite internal confidence crisis and the company's establishment of institutes for studies on theme park construction and water environment.

The article discusses efforts of the Chinese government to boost economic performance in the northeastern region of the country, which include Liaoning, Jilin and Heilongjiang which lost their economic vigor resulting to the attempt of the government to shift its focus from manufacturing and infrastructure investment to services and consumption-based growth. Topics include economic growth rate and gross domestic product (GDP) growth, state-owned enterprises (SOEs), and free trade zone (FTZ).