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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. [10]: 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.
[2] [9] These central SOEs (yangqi) are SOEs that cover industries deemed most vital to the national economy. [ 10 ] : 6 Companies directly supervised by SASAC are continuously reduced through mergers according to the state-owned enterprise restructuring plan with the number of SASAC companies down from over 150 in 2008.
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.
During this period, rural enterprises, often with names "commune and brigade enterprises" and of neglectable size, served as a supplement to those state-owned enterprises (SOE), which mainly focused on heavy industrial sectors, and were established by the people's communes and bridges to support agricultural production and to produce rural ...
The name New China has been frequently applied to China by the Chinese Communist Party as a positive political and social term contrasting pre-1949 China (the establishment of the PRC) and the new name of the socialist state, Zhōnghuá Rénmín Gònghéguó (in the older postal romanization, Chunghwa Jenmin Konghokuo), or the "People's ...
Shao Kao sauce (烧烤酱, Cantonese: Siu Haau) – a thick, savory, slightly spicy BBQ sauce generally known as the primary barbecue sauce used within Chinese and Cantonese cuisine. Shacha sauce ( 沙茶酱 ) – A sauce or paste that is used as a base for soups, hotpot, as a rub, stir fry seasoning and as a component for dipping sauces.
In the tables, the first two columns contain the Chinese characters representing the classifier, in traditional and simplified versions when they differ. The next four columns give pronunciations in Standard (Mandarin) Chinese, using pinyin; Cantonese, in Jyutping and Yale, respectively; and Minnan (Taiwan). The last column gives the classifier ...
Aside from SOEs, there are also provincially- or municipally-owned corporations, locally known as Badan Usaha Milik Daerah (BUMD). The primary difference between BUMNs and BUMDs is the ownership of the enterprise, whereas BUMNs are controlled by the Ministry of State Owned Enterprise while BUMDs are directly controlled by the local government.