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As of 2017, China has more SOEs than any other country, and the most SOEs among large national companies. [1] [page needed] As of the end of 2019, China's SOEs represented 4.5% of the global economy [2] and the total assets of all China's SOEs, including those operating in the financial sector, reached US$78.08 trillion. [3]
During this period, rural enterprises, often with names "commune and brigade enterprises" and of neglectable size, served as a supplement to those state-owned enterprises (SOE), which mainly focused on heavy industrial sectors, and were established by the people's communes and bridges to support agricultural production and to produce rural ...
A state-owned enterprise (SOE) is a business entity created or owned by a national or local government, either through an executive order or legislation.SOEs aim to generate profit for the government, prevent private sector monopolies, provide goods at lower prices, implement government policies, or serve remote areas where private businesses are scarce.
[2] As of 2021 [update] , its companies had a combined assets of CN¥ 194 trillion ( US$ 30 trillion), revenue of more than CN¥30 trillion (US$4.6 trillion), and an estimated stock value of CN¥65 trillion (US$10.06 trillion), making it the largest economic entity in the world.
The China Business Journal (abbreviated as CBJ; [3] 中国经营报; 中國經營報), or China Business, [4] is a Beijing-based [5] nationally distributed Chinese economic newspaper [6] launched on January 5, 1985. [7]
As of the end of 2019, China's SOEs represented 4.5% of the global economy. State-owned enterprises accounted for over 60% of China's market capitalization in 2019 [29] and generated 40% of China's GDP of US$15.97 trillion (101.36 trillion yuan) in 2020, with domestic and foreign private businesses and investment accounting for the remaining 60%.
The Gary D. Cohn Stock Index From January 2008 to December 2012, if you bought shares in companies when Gary D. Cohn joined the board, and sold them when he left, you would have a -40.6 percent return on your investment, compared to a -2.8 percent return from the S&P 500.
"Letting the small go" meant that the central government should relinquish control over smaller and unprofitable SOEs. [2] Relinquishing control over these enterprises took a variety of forms: giving local governments authority to restructure the firms, privatizing them, or shutting them down.