China Increasing Reforms At Money-Losing State-owned Enterprises ...

["DiemQuynh Nguyen" <diemquynhng@hotmail.com>]

>China Increasing Reforms At Money-Losing State-owned Enterprises
>
>  SHENYANG, August 19 (Xinhua) -- Liaoning Province, one of China 's
>oldest industrial bases, has concrete goals for its
>  state-owned enterprise reform for the second half of the year, local
>officials say.
>
>  The provincial government will help 244 enterprises increase sales,
>profits, and taxes by 10 percent by the end of the year and
>  help half of the 200 enterprises that are suffering losses to make a
>profit. It will also help others cut their losses.
>
>  It will accelerate the pace of modernizing 60 key firms and change
>credits to stock in 7 key enterprises like the Anshan Iron and
>  Steel Company.
>
>  The Central Government has taken steps nationwide to help money-
>losing large and medium-sized state-owned enterprises
>  since 1998, which account for about 30 percent of the 7,680 large and
>medium- sized state-owned enterprises in China.
>
>  Sheng Huaren, the minister in charge of the State Economic and Trade
>Commission, says that 1999 is a crucial year for the
>  three- year reform of state-owned enterprises and the Central
>Government will try to hold losses to within 15 percent by the year
>  2000. Liaoning contributed a great deal to China's economic
>development and it will have a positive effect on the whole country if
>  its reforms go smoothly, according to Vice-premier Wu Bangguo.
>
>  Liaoning will stick to its policy of closing down resource- wasting
>and ecologically-unsound small coal mines, cement plants, oil
>  refineries, steel factories, and thermal power plants and will
>restructure the oil, chemical, and metallurgy industries.
>
>  It will also improve macro-economic controls in small and medium-sized
>enterprises and get more people with technical and
>  management skills to come to these enterprises.
>--------
>Forum on Developing Nuclear Power
>                                  Held in Beijing
>
>                      　　Some 100 Chinese experts and leading
>                      officials attended a forum in Beijing August 21
>                      sponsored by three domestic research institutions
>                      to discuss China's strategy for developing
>                      nuclear power.
>
>                      　　Also attending the forum was Zhu Guangya, a
>                      vice-chairman of the National Committee of the
>                      Chinese People's Political Consultative
>                      Conference.
>
>                      　　Some speakers pointed out that China's
>                      nuclear power output accounts for only 1.3
>                      percent of the country's total power output,
>                      compared with the 17 percent in the world.
>
>                      　　They urged the construction of more nuclear
>                      power plants and stations as well as natural gas
>                      and hydro-electric power stations around the
>                      country.
>
>                      　　According to official figures, during its
>Ninth
>                      Five-Year Plan period (1996-2000), China is
>                      building and plans to build four nuclear power
>                      stations with eight generators that have a
>                      combined generating capacity of 6.6 million kw.
>                      (Xinhua)
>
>


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