(Source:Xinhua)
China to build cross-provincial national park for giant panda
Contest for China Acrobatics Golden Chrysanthemum Awards held in Shandong
Scenery of Xianghongdian reservoir in east China's Anhui
Rally held in Greece to commemorate murdered anti-fascist activist
China to build cross-provincial national park for giant panda
Aerial view of paddy fields in SW China's Guizhou
Special snacks displayed during 14th China-ASEAN Expo
Scenery of paddy fields in Baicheng Authentic Dave Henderson Jersey , NE China's Jilin
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Official data showed that the total assets of China's central SOEs reached 50.5 trillion yuan (about 7.62 trillion U.S. dollars) by the end of 2016, an 80 percent jump from the end of 2011.
Behind the robust growth was years of non-stop reforms since the 18th National Congress of the Communist Party of China (CPC) in 2012, which served as a strong boost for their efficiency and vitality.
"Looking back over the past five years, China has completed the top-level design of the SOE reform, making it more systematic Authentic Glenn Hubbard Jersey , comprehensive and coordinated," Xiao Yaqing, chairperson of the State-owned Assets Supervision and Administration Commission (SASAC), said at a press conference Thursday.
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The central government has been actively restructuring its SOEs in a bid to improve their efficiency and competitiveness, with the number of central SOEs falling to 98 from 117 five years ago.
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Meanwhile, two new firms, Aero Engine Corporation of China and China Tower, were established to meet industrial development needs.p "Technology and market development is the strongest drive for the central SEO restructuring Authentic Joe Morgan Jersey ," said Xiao, describing the restructuring efforts in the past five years as "unprecedented."
The mergers and reorganizations have helped the SOEs lift their global competitiveness by optimizing allocation of industrial resources, and up to 48 centrally-owned SOEs made it into the Fortune Global 500 rankings this year, according to Huang Danhua, vice-chairperson of the SASAC.
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