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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.
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.
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
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)
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).
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 ...
By David Shepardson and Stephen Nellis (Reuters) -Intel said on Wednesday its sales would take a hit after the U.S. revoked some of the chipmaker's export licenses for a customer in China, in a ...