综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

   

China names key industries for absolute state control

By Zhao Huanxin (China Daily)
Updated: 2006-12-19 07:09

What are the key sectors critical to national security and the economic lifeline of China?

The answer, given yesterday, is: armaments, power generation and distribution, oil and petrochemicals, telecommunications, coal, aviation and shipping industries where the State must have "absolute control," according to a senior official.

It was the first time an explicit list was released of "strategically important sectors," whose definition has been vague since the late 1990s.

"State capital must play a leading role in these sectors, which are the vital arteries of the national economy and essential to national security," State Assets Supervision and Administration Commission (SASAC) Chairman Li Rongrong said yesterday.

"In these sectors, State-owned assets should expand in volume and optimize in structure, and some key enterprises should grow into leading world businesses."

Li is today scheduled to address a press conference arranged by the State Council Information Office to explain SASAC's progress and reform of State-owned enterprises (SOEs).

SASAC anticipates that between 30 and 50 large business groups capable of competing globally would emerge from the country's State businesses by 2010, according to earlier reports.

The commission was set up by the State Council three years ago to preserve, and enhance, the value of central SOEs.

Explaining the new guidelines on SOE reform published yesterday, Li said that the State should solely own, or have a majority share in, enterprises engaged in power generation and distribution, oil, petrochemicals and natural gas, telecommunications and armaments.

The State must also have a controlling stake in the coal, aviation and shipping industries, he said.

Reform and restructuring should be accelerated in SOEs engaged in the downstream petrochemical sector and in value-added telecom services, to allow injection of private or foreign capital, Li said.

Central SOEs should also become heavyweights in sectors including machinery, automobiles, IT, construction, iron and steel, and non-ferrous metals, he added.

Li said the government will strive to enhance the "vitality and competitiveness" of State firms by diversifying their ownership through share-holding reform, strategic investors, restructuring or listing.

In the next few years, the number of central SOEs would be whittled to 80-100 from the current 161 through mergers, and all struggling SOEs would exit the market by 2008, Li said.

The 161 enterprises under SASAC raked in sales of 3.7 trillion yuan (US$473.8 billion) in the first half of the year, a year-on-year increase of 20.6 per cent. Of them, at least 40 are engaged in the seven key sectors listed yesterday and their total assets represent three quarters of all central SOEs.

Li Zhaoxi, deputy chief of the Enterprise Research Institute affiliated to the State Council Development Research Centre, yesterday said that by explicitly publishing the "key sectors," State capital can be channelled to priority industries and retreat from non-essential areas.

This will facilitate the opening of those areas and speed up the reform of SOEs, he said.

Shao Ning, vice-chairman of SASAC, said that compared with other State firms, reforms of central SOEs have been relatively slow; and will be accelerated through regrouping and structural readjustment.

(China Daily 12/19/2006 page1)



Top China News  
Today's Top News  
Most Commented/Read Stories in 48 Hours
延安市| 丘北县| 九寨沟县| 长宁县| 吉木萨尔县| 正安县| 博罗县| 涟水县| 永登县| 日喀则市| 石台县| 上虞市| 无锡市| 城市| 喀喇沁旗| 高安市| 阿拉善盟| 崇州市| 克拉玛依市| 南漳县| 西宁市| 和硕县| 洱源县| 天等县| 定南县| 葫芦岛市| 石狮市| 重庆市| 盐边县| 分宜县| 平武县| 大化| 南昌市| 大余县| 水富县| 汪清县| 常山县| 宁海县| 许昌县| 盐源县| 房产|