三级aa视频在线观看-三级国产-三级国产精品一区二区-三级国产三级在线-三级国产在线

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Policies

Reforms to enable State firms' tech innovation

By Zhong Nan in Beijing and Liu Mingtai in Changchun | China Daily | Updated: 2020-09-18 10:00
Share
Share - WeChat
A CNOOC employee uses a wireless communication device on an offshore drilling platform in the South China Sea. [Photo/WANG YUGUO FOR CHINA DAILY]

More measures in pipeline to boost exports, capital management, R&D, overseas operations

Alongside China's goal of building a group of world-class State-owned enterprises that lead in high-quality development over the long term, the government will roll out a number of reform measures to further enhance their core technology innovation, exports and capital management, said a senior State asset regulator.

Weng Jieming, vice-chairman of the State-owned Assets Supervision and Administration Commission of the State Council, said the government will pay more attention to SOEs' returns in areas such as investment into research and development, overseas operations, net assets, revenue margins and added value to boost their quality and efficiency during the post-pandemic era.

Since the SASAC launched a program to build more world-class companies in late July, both centrally and locally-administrated SOEs have moved quickly to study and formulate implementation plans for optimizing their resources and management efficiency.

Among 97 central SOEs, 73 have now mobilized and assigned work across their groups by convening meetings alongside other means. Thirty-four local State asset regulators have issued guidelines to the supervised SOEs.

As the central government will release its three-year action plan for State-owned enterprises (2020-22) soon to enhance the nation's efforts to steer the economy toward innovation and technology-driven high-quality growth, the official said that for the next stage, the SASAC will create a sound environment for reform so that businesses of all kinds of ownership can realize integrated and common development.

Thanks to China's early recovery from the COVID-19 pandemic, most of the central SOEs should strive to achieve relatively steady growth in the second half, said Weng, adding that more efforts should be made to deepen reforms, defuse major risks and optimize and stabilize industrial and supply chains.

Eager to diversify its business scope, China National Offshore Oil Corp and French energy group Total SA-one of the top four petrochemical engineering companies in the world-reached an agreement on a liquefied natural gas trade deal through the Shanghai Petroleum and Natural Gas Exchange's (SHPGX) online international LNG trade system last month.

This was the first online international LNG deal, showing that the LNG business has stepped onto the digital stage.

The world's third-largest and China's largest LNG importer-CNOOC-h(huán)as been seeking innovative operation models. The company joined hands with the SHPGX and launched several projects including one-stop LNG importing, transmitting natural gas from southern to northern regions and advance sales for heating in winter.

CNOOC also began using multi-modal transport in LNG tanker logistics, which contributed to clean energy supply.

Jilin province-based Changchun Yidong Clutch Co Ltd, a Shanghai-listed company and a subsidiary of China North Industries Group Corp Ltd-a Beijing-based central SOE-saw sales revenue and profit of its main business surge 16.31 percent and 66.27 percent, respectively, on a yearly basis in the first half, thanks to its shift of innovation focus alongside timely work and production resumption in the second quarter.

Even though China's auto manufacturing sector, especially passenger vehicles, saw a decline in profits over the past two years, Changchun Yidong started to focus on producing high-horsepower clutches and next-generation vibration dampers for trucks and construction machinery by setting up new research and development facilities in Suzhou and importing high-end stamping equipment from Austria and Italy over the past several years, as well as establishing a joint venture in Russia in 2019.

Meng Qinghong, Changchun Yidong's president, said the company to date has provided auto parts, in particular clutches, to more than 50 auto factories. Its clutch products for heavy trucks have a 26 percent market share in China.

"Apart from focusing on making heavy-duty truck clutch products, we will produce more clutches for commercial vehicles such as medium-duty trucks, light trucks and buses to enrich our sales categories. In terms of market structure, a strategic layout of parts support, after-sales and exports-or the 'three pillars' strategy-will be gradually formed," he said.

China's auto market has gradually recovered from the coronavirus pandemic with five consecutive months of positive growth. The market is expecting a better performance in the traditional peak months of September and October, according to the latest prediction and statistics released by the China Association of Automobile Manufacturers, which said August sales reached 2.19 million units, up 11.6 percent year-on-year and 3.5 percent month-on-month.

The CAAM said a consumer confidence boost followed the government's launch of consumption season activities and promotional events for new energy vehicles in rural areas.

Experts said the current headwinds brought by the pandemic and weak global demand have highlighted the necessity of relying on reforms to unleash vitality for sustained growth. The layout and structure of the State-owned economy will be adjusted around the goal of building a modern economic system.

Key fields of reform now include market-based allocation of production factors, SOEs, the fiscal and financial system, the piloting of free trade zones, the further opening of the country to foreign investment as well as continued stability of the supply chain, said Liu Xiangdong, a researcher at the China Center for International Economic Exchanges.

"Through mergers, acquisitions and restructuring, State-owned capital should gravitate more toward emerging industries, advanced manufacturing and trade in services," said Liu Xingguo, a researcher at the China Enterprise Confederation.

He said the capital market will play a major role in SOE reform as a platform for financing, stock issuance as well as mergers and acquisitions.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 欧美呦女 | 久久久久久天天夜夜天天 | 国产精品久久久久久久久 | 精品一区中文字幕 | 欧美日韩一区二区在线 | 免费麻豆国产一区二区三区四区 | 欧美视频一区二区三区在线观看 | 国产乱理伦片a级在线观看 国产乱理伦片在线观看 | 最新福利小视频在线播放 | 黄网站在线观看高清免费 | 国产精品videossex激情 | 另类av | 一区国产传媒国产精品 | 888xxxx免费视频 | 91麻豆视频在线观看 | 亚洲天堂美女 | 日韩精品在线一区二区 | 久久草在线视频国产一 | 亚洲国产精品一区二区九九 | 亚洲一区二区约美女探花 | 亚洲精品一区在线观看 | 看一级特黄a大片国产 | 国产免费亚洲 | 国产美女野外做爰 | 国产制服一区 | 久久草在线视频国产一 | 老妇女人一级毛片 | 国产在线观看一区精品 | 亚洲成在人网站天堂一区二区 | 伊在人香蕉99久久 | 在线观看自拍 | 成人二区 | 成人一级片| 麻豆网站视频国产在线观看 | 美乳在线播放 | 国产欧美亚洲精品第二区首页 | 亚洲视频精品在线观看 | 亚洲欧美综合乱码精品成人网 | 国产一级片在线播放 | 亚洲国产爱久久全部精品 | 免费网站看v片在线观看 |