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Coal Companies Urged to Further Reform
Major state-owned coal companies still have arduous jobs to do in their reforms and development, though they have made great strides in this regard, according to a senior Chinese official.
Vice-Premier Wu Bangguo made the remark in his recent inspection tour of north China's Shanxi Province from October 29 to 31. During his stay, Wu urged local coal producers to further their reform efforts.
Wu, member of the Political Bureau of the Central Committee of the Communist Party of China, met with local coal miners underground, at the loss-making Datong Coal Group, to inspect first-hand the situation in the industry and the life of the miners.
The official praised Datong, which boasts an annual coal capacity of 34 million tons, for its contribution to the country's development in past decades.
Local government has been urged to find ways to help the company out of trouble as soon as possible, because it is of great importance for pushing forward reforms and development of the industry as a whole, he said.
Wu urged the company to deepen its reform by laying off excessive labor, adopting a modern corporate system, restructuring its marketing system, making greater efforts in technical upgrading, closing down ineffective mines, and strengthening management.
Meanwhile, the official urged state-owned companies in the industry to take care of staff who are laid-off and retirees.
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