日韩午夜精品视频,欧美私密网站,国产一区二区三区四区,国产主播一区二区三区四区

--- SEARCH ---
WEATHER
CHINA
INTERNATIONAL
BUSINESS
CULTURE
GOVERNMENT
SCI-TECH
ENVIRONMENT
LIFE
PEOPLE
TRAVEL
WEEKLY REVIEW
Learning Chinese
Learn to Cook Chinese Dishes
Exchange Rates
Hotel Service


Hot Links
China Development Gateway
Chinese Embassies

Capital Vital for Restructuring Sugar Industry
Suffering from a severe lack of funds, the restructuring of China's sugar industry is at a standstill and is asking for more financial help from the government.

Jiao Nianmin, secretary-general of the China Sugar Association, said the restructure lacks a total of 1.8 billion yuan (US$217 million) for settlement of the layoffs.

To close down the small and bad-performing sugar refineries, 137,000 employees will be laid off, whose payout settlement totals 2.8 billion yuan (US$338 million).

The sugar industry saw poor results over the past four years, with cumulative losses approaching 10 billion yuan (US$1.2 billion), according to statistics from the State Economic and Trade Commission (SETC).

"The industry's bleak situation was prompted by redundant production, blind expansion and poor management,'' Jiao noted.

To reverse the situation, the SETC decided to close chronically debt-ridden and uncompetitive sugar refineries.

Last year China shut down 149 sugar refineries. The efforts helped reduce the 1999-2000 sugar production by 2.01 million tons.

The SETC aimed to close another 152 small sugar refineries and help the industry score a benefit of 1 billion yuan (US$120 million) this year.

Lin Feng, a manager of Nanning Sugar Co Ltd, a listed company merged from five sugar plants, said it is more difficult to close down a sugar refinery than create a merger because it requires more funds.

"Under the current situation, it is dependent on related governments to urge the local governments to finalize their promises of giving fiscal support,'' Lin said.

Jiao said besides the support from the local governments, the restructuring will ask for more help from the central government because many of the small sugar plants are located in provinces with poor economy.

"In addition to shutting down more plants, we also should prevent the already closed small refineries from resuming production,'' Jiao said.

This year's output dropped to 620 million tons because of natural disasters and restructuring, he said.

The strained market supply pushed the sugar price higher, even to 4,300 yuan (US$518) per ton, compared with the regular 3,000 yuan (US$360).

Tempted by the price sweetening, some chronic money-losing sugar firms or small businesses with backward technology which have already been shut down, rushed to resume production.

"The trend will thwart the country's efforts to revitalize the industry,'' he said.

To quench the overheating of sugar prices, the country moved more than 1 million tons of its State reserves to the market.

"The restructuring is bitter, but the industry will taste sweet in the future,'' Jiao said.

(China Daily 08/07/2001)

High Prices Hurting Sugar Sector
Key Industries Reduce Surplus Productivity
Print This Page
|
Email This Page
About Us SiteMap Feedback
Copyright © China Internet Information Center. All Rights Reserved
E-mail: webmaster@china.org.cn Tel: 86-10-68326688
主站蜘蛛池模板: 陵川县| 新沂市| 广东省| 韶关市| 灵宝市| 四川省| 古交市| 昭通市| 井陉县| 克东县| 眉山市| 资中县| 龙胜| 松桃| 剑川县| 西昌市| 甘孜县| 吴桥县| 太白县| 南安市| 阿克| 靖宇县| 柳州市| 西城区| 晋中市| 嘉祥县| 壤塘县| 榆林市| 洪洞县| 白城市| 宿松县| 灵寿县| 土默特左旗| 广昌县| 博爱县| 家居| 乡城县| 峨边| 陆良县| 涪陵区| 双辽市|