男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Policies

Measures to help halt SOEs' overseas errors

By Zhong Nan | China Daily | Updated: 2018-01-03 07:27
Share
Share - WeChat
Staff of CNPC, China's State-owned energy firm, check facilities in Turkmenistan in 2013. Provided to China Daily

China plans to issue management guidelines to crack down on commercial bribery and tighten rules on product quality and environmental protection for its centrally controlled, State-owned enterprises operating in overseas markets, the country's top SOE regulator said on Tuesday.

The move came after the State-Owned Assets Supervision and Administration Commission in the first half of 2016 selected five companies-China Mobile, China Merchants Group, Dongfang Electric Corp, China National Petroleum Corp and China Railway Group-as trial businesses that would be made more disciplined, transparent and tougher on product quality.

The companies had completed more than a year of a trial run by the end of 2017 and are being assigned by the commission to help finish draft rules to better guide and manage the 98 central SOEs. The draft will be reviewed by the commission sometime this year, according to the commission's regulatory bureau.

There are many government branches, such as the National Development and Reform Commission, that have the power to restrict and regulate unsatisfactory behavior by SOEs in the domestic market, said Xu Hongcai, an economist at the China Center for International Economic Exchanges.

But SOE activities abroad are relatively uncharted, falling short in effective supervision. Irrational decisions, poor quality of local partners and turbulent political situations can all lead to financial losses.

Eager to keep its growth momentum going, China will work more on its supply-side structural reform in 2018, with more effort to improve economic quality, promote innovation, cut overcapacity and protect the environment, according to the annual Central Economic Work Conference in December.

"This move at this time will be helpful for China to offer its giant central SOEs operating overseas clear rules against corruption, bribery and environmental damage," said Gao Peiyong, director of the Institute of Economics at the Chinese Academy of Social Sciences.

Gao said it also will provide a guidance and a risk warning system on overseas investments and direct SOEs to make better-informed decisions based on competitive advantages and local market demand. Unfair competitive practices will be severely punished.

China's SOE numbers are down from 117 five years ago with the restructuring of central SOEs to improve efficiency and competitiveness. Reforms included changing shareholding structures, spinning off noncore assets and boosting innovation.

Top
BACK TO THE TOP
English
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
CLOSE
 
主站蜘蛛池模板: 通化市| 沁水县| 武平县| 抚远县| 罗甸县| 溧水县| 英德市| 阿克陶县| 台江县| 平顺县| 高邮市| 肇庆市| 米脂县| 高清| 运城市| 苍山县| 宜黄县| 乐至县| 萨嘎县| 霍城县| 青铜峡市| 马边| 民乐县| 罗甸县| 台前县| 嵊州市| 深州市| 台南县| 凤庆县| 哈尔滨市| 和林格尔县| 衡阳市| 道孚县| 英德市| 宁安市| 山东| 渑池县| 普洱| 壤塘县| 西乌珠穆沁旗| 河西区|