波多野结衣办公室双飞_制服 丝袜 综合 日韩 欧美_网站永久看片免费_欧美一级片在线免费观看_免费视频91蜜桃_精产国品一区二区三区_97超碰免费在线观看_欧美做受喷浆在线观看_国产熟妇搡bbbb搡bbbb_麻豆精品国产传媒

US EUROPE AFRICA ASIA 中文
Business / Policy Watch

SASAC to tighten approval process for SOE investments

By Wei Tian (China Daily) Updated: 2012-07-12 10:38

SASAC to tighten approval process for SOE investments

A China Minmetals Corp booth at a mining conference in Tianjin. Statistics from the Ministry of Finance showed that the profits of SOEs are declining amid shrinking market demand and fluctuations in energy and commodities prices. [Photo / China Daily] 


China's national assets watchdog may tighten the approval process of large investment projects by State-owned enterprises, in a bid to maintain growth as the economy faces more downward pressure.

Meng Jianmin, a vice-chairman of the State-owned Assets Supervision and Administration Commission, said at a meeting last week that SOEs should strengthen the viability process on major investment projects, as well as introduce stricter controls on the management of the nation's assets.

Meng's words came after another senior official said last month that SOEs must prepare for "winter conditions" in the next three to five years.

"After 30 years of rapid development, the Chinese economy has come to a period of contraction," Shao Ning, a vice-chairman of the SASAC, said at a meeting in Chongqing.

"During a contraction, cost factors play a more obvious role in a company's development, so SOEs must pay more attention to cost control," Shao said.

To that end, SOEs will have to put a brake on the extravagant expansion pursued in previous years, he said.

Data from local authorities showed that investments by central SOEs increased 42-fold in the last four years to more than 11 trillion yuan ($1.7 trillion) in 2011.

"If the 4-trillion-yuan investment package in 2008 was to battle the global financial crisis, an even faster pace of investment of SOEs in 2011 should cause worries," added Tang Min, counselor of the State Council.

Tang said the efficiency of these investments also showed little cause for cheer.

With their 27 trillion yuan in total assets, the central SOEs only generated less than 1 trillion yuan in net profits in 2011, which translated to an after-tax return on assets of 3.2 percent, even less than the annual deposit rate of 3.25 percent.

Although the data for the first half of this year is yet to be released, statistics from the Ministry of Finance showed that SOEs' profits are declining amid shrinking market demand and fluctuations in energy and commodities prices.

In the first five months, central SOEs posted a total profit of 581 billion yuan, down 7.8 percent compared with a year ago. The May figure was 16.3 percent lower than that of April.

An official with the investment department of China Minmetals Corp, who declined to be named, said the company should be "more cautious" in investment because of the uncertainties in the Chinese economy.

A manager with Wuhan Iron and Steel Corp said that while completing construction projects, it will "live within its means" within the next three to five years, and reduce its overseas investment projects to ensure its financial safety.

Both of them, quoted by 21st Century Business Herald, said that if SASAC adopted stricter rules in approving investment projects by central SOEs, this could lead to delays in some projects.

Premier Wen Jiabao on Tuesday stressed the role of a "reasonable increase in investment" in maintaining stable growth. Economists forecast GDP growth in the second quarter may drop to as low as 7.5 percent.

Rail, public utilities, energy, telecoms, medical services and education will be open to capital investment to boost investor confidence, the premier said.

"But we don't need another 4-trillion-yuan stimulus as the current economic situation is better than 2008," said Hu Chi, a researcher with SASAC's research center.

Hu said unlike the massive investment in infrastructure in 2008, investment this time should focus more on strategic emerging industries.

Xu Baoli, another researcher with SASAC's research center, said the massive expansion of central SOEs since the commission was established in 2003 has concealed poor quality assets.

"The issue may not be obvious in a booming economy, but will become more obvious if the situation worsens," Xu said.

"In the future, SOEs should change their development goal from pursuing quantity to quality and from expansion in scale to improvements in competitiveness," he said.

weitian@chinadaily.com.cn

Hot Topics

Editor's Picks
...
波多野结衣办公室双飞_制服 丝袜 综合 日韩 欧美_网站永久看片免费_欧美一级片在线免费观看_免费视频91蜜桃_精产国品一区二区三区_97超碰免费在线观看_欧美做受喷浆在线观看_国产熟妇搡bbbb搡bbbb_麻豆精品国产传媒
eeuss中文字幕| 国产色爱av资源综合区| 亚洲曰韩产成在线| 91香蕉视频mp4| 色香蕉久久蜜桃| 亚洲视频一二区| 北条麻妃一区二区三区| 91aaa在线观看| 亚洲美女视频在线| 91免费看`日韩一区二区| 欧美这里有精品| 亚洲国产一区在线观看| 中文字幕18页| 91精品综合久久久久久| 日韩成人一级片| 成人免费无遮挡无码黄漫视频| 日韩欧美亚洲国产另类| 老司机免费视频一区二区| mm131美女视频| 国产午夜精品一区二区| 国产aⅴ综合色| 91福利在线播放| 亚洲高清在线视频| 女人被狂躁c到高潮| 精品国产精品一区二区夜夜嗨| 九色综合国产一区二区三区| 人妻无码一区二区三区免费| 国产精品美女久久久久久久久| hitomi一区二区三区精品| 欧洲一区二区av| 亚洲成人av在线电影| 中文精品在线观看| 国产日韩精品一区二区三区| 成人国产精品视频| 欧美日韩国产三级| 久久国内精品视频| 精品国产视频在线观看| 亚洲在线观看免费| 91中文字幕永久在线| 国产精品国产自产拍在线| 爱情岛论坛亚洲自拍| 日韩欧美中文字幕一区| 国产精品正在播放| 欧美少妇性性性| 久久国产精品第一页| 五月婷婷综合激情网| 亚洲综合色区另类av| 亚洲av无码一区二区二三区| 欧美极品美女视频| 大尺度在线观看| 久久精品无码一区二区三区| 91香蕉视频mp4| 26uuu另类欧美| 91在线porny国产在线看| 欧美一区二区三区视频在线 | 欧美日韩一区二区不卡| 久久精品国产精品亚洲红杏| 色婷婷在线视频观看| 亚洲成人高清在线| 欧美a级片免费看| 亚洲成人动漫一区| 1024手机在线观看你懂的| 亚洲精品国产高清久久伦理二区| 制服丝袜第二页| 国产精品久久777777| 久久久久国产精品区片区无码| 国产精品欧美久久久久无广告| 一级欧美一级日韩片| 国产精品入口麻豆九色| 国产白嫩美女无套久久| 国产精品久久午夜| 强伦人妻一区二区三区| 亚洲欧美韩国综合色| 欧美熟妇激情一区二区三区| 一区二区三区不卡视频在线观看 | 亚洲国产综合视频| 亚洲欧洲国产日韩| 波多野吉衣中文字幕| 亚洲精品视频自拍| 精品少妇一区二区三区密爱| 日欧美一区二区| 欧洲精品视频在线观看| 国产激情91久久精品导航| 欧美一区二区三区四区视频 | 欧美丝袜丝交足nylons图片| 国产一区二区三区蝌蚪| 欧美一级专区免费大片| 91在线你懂得| 亚洲国产精品av| 亚洲国产日韩一区无码精品久久久| 亚洲五码中文字幕| 色综合久久精品| 国产精品亚洲人在线观看| 日韩欧美一区二区视频| 国产乱淫av麻豆国产免费| 日韩美女精品在线| 操她视频在线观看| 精品一区二区在线看| 日韩一级欧美一级| 性高潮免费视频| 亚洲老妇xxxxxx| 色狠狠av一区二区三区| 国产99久久精品| 国产色产综合产在线视频| 一级片视频免费看| 麻豆精品一二三| 欧美一级二级在线观看| 亚洲少妇一区二区三区| 亚洲在线视频免费观看| 欧美性做爰猛烈叫床潮| 白白色亚洲国产精品| 国产精品嫩草影院com| 91社区视频在线观看| 精久久久久久久久久久| 精品欧美乱码久久久久久| 内射中出日韩无国产剧情| 天堂va蜜桃一区二区三区| 欧美日韩国产精选| 韩国黄色一级片| 亚洲综合激情另类小说区| 欧美在线观看一区| 91麻豆成人久久精品二区三区| 成人免费一区二区三区视频| 一本色道亚洲精品aⅴ| 成人a级免费电影| 中文字幕亚洲精品在线观看| 一区二区视频免费看| 不卡一区在线观看| 亚洲视频精选在线| 在线观看成人小视频| 91免费视频网| 亚洲成人免费观看| 日韩一区二区在线播放| 亚洲av无码成人精品国产| 美女诱惑一区二区| 首页国产欧美久久| 国产乱码精品一区二区三| 成人一级视频在线观看| 国产精品麻豆久久久| 午夜精品一区二区三区视频| 顶级嫩模精品视频在线看| 粉嫩av蜜桃av蜜臀av| 久久99最新地址| 国产欧美一区二区精品性色超碰| 成人欧美一区二区三区黑人一| 国产不卡在线视频| 亚洲人成在线播放网站岛国| 欧美亚洲动漫精品| 国产真实乱人偷精品| 美腿丝袜亚洲三区| 国产嫩草影院久久久久| 日本精品视频一区二区| 国产精品亚洲一区二区无码| 日韩精彩视频在线观看| 久久日韩精品一区二区五区| 999精品视频在线观看播放| 91一区在线观看| 婷婷开心久久网| 久久久国际精品| 91国内精品野花午夜精品| 久久人妻少妇嫩草av无码专区| 久久国内精品视频| 中文字幕亚洲区| 欧美一区二区三区视频免费| 最新日韩免费视频| 91污片在线观看| 青青草成人在线观看| 中文字幕+乱码+中文字幕一区| 在线观看免费视频综合| 欧美成人午夜精品免费| 风间由美性色一区二区三区| 亚洲午夜日本在线观看| 久久人人97超碰com| 在线观看免费视频综合| 成人在线一级片| 9i看片成人免费高清| 热久久久久久久| 国产精品成人免费| 制服丝袜激情欧洲亚洲| 国产精品69久久久久孕妇欧美| 日批视频在线看| 韩国v欧美v亚洲v日本v| 伊人开心综合网| 久久噜噜亚洲综合| 欧美撒尿777hd撒尿| 免费在线观看a视频| 欧美熟妇另类久久久久久多毛| 精品一区二区综合| 亚洲一区二区在线观看视频| 久久精品网站免费观看| 欧美福利视频导航| 九九热最新地址| 性欧美精品中出| 日本wwww色| 国产精品888| 日韩高清不卡在线| 亚洲乱码国产乱码精品精小说 | 在线观看视频你懂得| 极品销魂美女一区二区三区| 亚洲一区欧美一区|