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Shanghai uses 7 bln USD in FDI last year
Report projects 190-bln-USD trade surplus for 2007
China's listed companies recover 33.6 bln yuan of misappropriated funds
Rising temperatures threaten China's food output
ICBC launches foray into Indonesian banking
CITIC gets Kazakhstan oil assets for 1.91 bln USD
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China CITIC Bank becomes a joint-stock company
Report projects 190-bln-USD trade surplus for 2007
Market-determined interest rate mechanism to start operation
China's foreign trade to top 1.75 trillion USD in 2006
China's A-share market growth tops world in 2006
More foreign-funded companies in Shanghai to set up trade unions in 2007
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Beijing's per capita GDP exceeds 6,000 U.S.dollars
E China province posts double-digit growth in per-capita GDP
China's shares hit record high for 6th straight day
China to maintain prudent monetary policy in 2007
China says tax revenues up 22 percent amid surging growth
Economists: China's saving deposits slow, domestic demand still uncertain
 
China aims to make giant SOEs stronger
BEIJING, Jan. 7 (Xinhua) -- China plans to build its large-scale state-owned enterprises (SOE) stronger and enhance their competitive edge in the international market.

The giant SOEs managed by the central government realized sustainable and fast growth in 2006 and made important contributions to the country's economic and social development, said Chinese Vice Premier Huang Ju in his message to SOE leaders that convened here Friday.

He urged the central SOEs to speed up joint-stock reform and strengthen technology innovation as well as energy resources saving to become more competitive in the international market.

Chinese Vice Premier Zeng Peiyan said in his speech delivered to the meeting that sales revenue of the central SOEs are expected to eight trillion yuan (1.02 trillion U.S. dollars) in 2006, up 18 percent year on year.

Zeng said the nurturing of large-scale enterprises with international clout is a prerequisite for China to turn from a big economy into a strong economy.

China currently has 159 central SOES. The government says it plans to reduce their numbers to 80 to 100 by 2010 through mergers and takeovers

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