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The state sector is a major part of China's economy, with SOEs accounting for approximately 25% of the national GDP as of 2020. [13]: 6 China's SOEs are among the largest global firms by revenue, and of the 135 Chinese companies on the Fortune Global 500 list (2023), 85 are state-owned.
China Silk Corporation 中国中丝集团公司 74 China Forestry Group 中国林业集团公司 75 China National Pharmaceutical Group: 中国医药集团总公司 76 China Poly Group Corporation: 中国保利集团公司 77 China Construction Technology Consulting Corporation 中国建筑设计研究院 78 China Metallurgical Geology Bureau
A state-owned enterprise (SOE) is a business entity created or owned by a national or local government, either through an executive order or legislation.SOEs aim to generate profit for the government, prevent private sector monopolies, provide goods at lower prices, implement government policies, or serve remote areas where private businesses are scarce.
register or a list of a specified type of regulated entities or activities — contains entries on companies officially authorized to perform a specified type of business, where prior obtaining of a permit, a license, a concession, or registration on such a list or register is a prerequisite required by law. Depending on situation, regulation ...
The MI Metals plant in Millen, which makes extruded aluminum. Brook Massey, the president of the company, says unfair dumping of imported extruded aluminum is hurting his business. (Credit: MI Metals)
Prior to March 2018, the State Administration for Industry and Commerce (SAIC; Chinese: 国家工商行政管理总局) was the authority in the People's Republic of China responsible for advancing legislation concerning the administration of industry and commerce in the People's Republic. [1]
The Company Law of the People's Republic of China is a law which was passed by the National People's Congress of the PRC on 29 December 1993 and came into force on 1 July 1994. [1] It has been amended several times since then. The most current version of the law took effect in 2018. [2] The law regulates limited liability and joint stock ...
A Unified Social Credit Identifier is issued to registered companies and other types of organization by the Chinese government. It is "unified" in the sense that it is used both as the business registration number with the State Administration for Market Regulation (SAMR) and as the taxpayer identifier with the State Taxation Administration (STA).