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Goal for Reform and Difficulty Relief of SOEs Achieved Basically
It's learned from the National Economic and Trade Working Conference held on December 11 that the State-owned enterprises (SOEs) and holding industries have witnessed substantial profit increase, most of the large and medium-sized state-owned enterprises have been lifted out of difficulties and the target for SOE reform and difficulty relief has been met in the main.
Sources say that by the end of this year, the profits earned by State-owned and holding industries will reach 230 billion yuan, rising by 130 percent over 1999 and 180 percent over 1997. By the year-end, most of the 14 trades can make profits, 31 provinces, autonomous regions and municipalities can continue making money or change the situation of deficits. The number of large and medium loss-making enterprises, which were 6,599 by the end of 1997, will decrease by 65 percent.
Meanwhile, most of the 100 pilot units designated by the State Council to establish a modern enterprise system and 2,700 chosen by local authorities have carried out reform in line with the corporate system. .
By PD Online staff member Deng Gang
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