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

Home / Government / Central Government News Tools: Save | Print | E-mail | Most Read | Comment
SOEs get gov't funds for natural disaster impact
Adjust font size:

?China will allocate 19.63 billion yuan (2.87 billion U.S. dollars) to the state-owned enterprises (SOEs) most affected by two major natural disasters this year, electricity giant State Grid said on Friday.

The funds are part of a state budget totaling 54.78 billion yuan released by the State-owned Assets Supervision and Administration Commission (SASAC), a branch of the State Council (cabinet), this week. Distribution details will be announced "soon", SASAC said.

National electricity suppliers sustained heavy losses during weeks of severe winter weather early this year and in the May earthquake in the southwestern Sichuan Province. The suppliers expected to benefit from the government support include State Grid, China Southern Power Grid, Dongfang Electric (based in the quake zone) and major power plants.

State Grid alone reported 22.45 billion yuan in losses attributable to the disasters. It said it needs about three times that much, or 74.6 billion yuan, to rebuild fully.

China Southern Power Grid said its losses exceeded 20 billion yuan.

Analysts said the budget allocation of less than 20 billion yuan will only cover a small part of the reconstruction cost. The companies will have to raise the remainder themselves. Nevertheless, analysts said, it showed the government's support for SOEs.

The reconstruction allocation accounts for 36 percent of the budget. About half of the financial support, or 27 billion yuan, will reinforce state-owned capital and help key SOEs expand. The remaining 8.15 billion yuan is for SOEs' industrial restructuring, SASAC figures indicate.

As of 2008, China is determining the state-owned capital budget from annual dividends it gets from the SOEs' profit.

This system reflects a change last year that returned the SOEs' financial relationship with the government to pre-1994 rules. Between 1994 and 2007, the SOEs received a budget from the state but weren't required to share their profits.

Under trial regulations issued by the State Council last year, SOEs are classified into three categories for the purpose of sharing profits in the form of dividends paid to the state. The rate for resource-sector companies is 10 percent, while for other SOEs is 5 percent.

Military industry firms don't have to participate in the system for at least three years.

(Xinhua News Agency November 28, 2008)

Tools: Save | Print | E-mail | Most Read
Comment
Pet Name
Anonymous
China Archives
Related >>
Most Viewed >>
- China facing bigger economic downside risk
- White paper: China's policies and actions on climate change
- China to operate 16,000-km passenger-dedicated lines by 2020
- Gifts from patients 'not bribery'
- White paper published on China's rule of law
Questions and Answers More
Q: What kind of law is there in place to protect pandas?
A: In order to put the protection of giant pandas and other wildlife under the law, the Chinese government put the protection of rare animals and plants into the Constitution.
Useful Info
- Who's Who in China's Leadership
- State Structure
- China's Political System
- China's Legislative System
- China's Judicial System
- Mapping out 11th Five-Year Guidelines
Links
- Chinese Embassies
- International Department, Central Committee of CPC
- State Organs Work Committee of CPC
- United Front Work Department, Central Committee of CPC
主站蜘蛛池模板: 克拉玛依市| 平江县| 积石山| 崇州市| 额尔古纳市| 射阳县| 会东县| 香河县| 涪陵区| 平武县| 普格县| 临汾市| 韩城市| 平乡县| 孝昌县| 重庆市| 平乡县| 广州市| 南部县| 高清| 监利县| 鹤壁市| 托里县| 泸溪县| 朝阳市| 麻栗坡县| 大余县| 临泉县| 江城| 宣威市| 霍山县| 浑源县| 灌云县| 英超| 江达县| 西宁市| 大安市| 晋中市| 磐安县| 珠海市| 于田县|