日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

  Home>News Center>China
       
 

SOEs asset write-offs cost country dear
By Jiang Zhuqing (China Daily)
Updated: 2005-03-10 01:49

The devaluation of public assets held by State-owned by enterprises has become a serious financial burden, experts have warned.

But who should bear responsibility for the massive loss of SOEs and how to set up and implement a system to prevent wrong policy-making remains a problem.

However, CPPCC member Chen Shouyi believes he has an answer.

He wants to establish and improve the supervision and control system on the writeoffs of non-performing State assets and quickly.

Statistics from the State-owned Assets Supervision and Administration Commission of the State Council (SASAC), China's SOE regulatory body, indicated that the write-off loss of SOEs belonging to the central government topped 317.8 billion yuan (US$38.3 billion) last year.

The figure is 4.2 per cent of the total value of the assets owned by the 181 major SOEs. Among these, 40 enterprises suffered from a loss of more than 10 per cent of their gross assets and another 40 suffered 20 per cent, it said.

"The Ministry of Finance also wrote off about 100 billion yuan (US$12 billion) of State assets after examination," Chen noted.

Economic experts said the write-offs of non-performing State assets was aimed at shaking off the burden on enterprises and banks, and to pave the way to reform and reconstruction.

But the loss transferred by the SOEs is paid out of public funds.

In China, there are nearly 90,000 State companies and State assets of about 10 trillion yuan (US$1.2 trillion), of which at least 300-400 million yuan (US$36.2-48.3 million) need to be reorganized, according to statistics from relevant agencies.

"Meanwhile, the four major commercial banks in China have written off 2 trillion yuan (US$241 billion) of assets during the past years," Chen said.

Analyzing the reasons for the huge losses, SASAC officials blamed the lack of internal control mechanism in the SOEs as well the weak supervision from outside.

The poor co-ordination between procurement, manufacture, sales and marketing analysis always led to the loss of assets in SOEs, officials said.

Mistakes in policy-making of investment and nonstandard accounting also resulted in non-performing investment and potential financial losses.

Drawing lessons from foreign countries, adviser Chen suggested the government sets up a "responsibility pursuit system without time limitation" to penalize those who made mistakes that cause great losses.

(China Daily 03/10/2005 page2)



 
  Today's Top News     Top China News
 

Peace paramount in anti-secession law

 

   
 

Australia grants visa to 104-year-old Chinese

 

   
 

Russia: Chechen leader Maskhadov killed

 

   
 

Official accountability system to be stricter

 

   
 

Petition cases rise 23.6% last year in China

 

   
 

Special peninsula envoy heads for US

 

   
  Australia grants visa to 104-year-old Chinese
   
  Medical service to be extended to farmers
   
  Debates to centre upon tax reforms
   
  Official accountability system to be stricter
   
  Getting street kids into care
   
  Rural environment needs protection
   
 
  Go to Another Section  
 
 
  Story Tools  
   
  News Talk  
  It is time to prepare for Beijing - 2008  
Advertisement
         
主站蜘蛛池模板: 精品欧美一区二区三区四区 | 免费一区二区三区免费视频 | 天天做天天爱天天爽综合区 | 国产女人成人精品视频 | 亚洲一区二区三区高清 | 丰满年轻岳中文字幕一区二区 | 天天夜夜骑 | 国产精品啪一品二区三区粉嫩 | 欧美成人伊人久久综合网 | 四虎黄色网址 | 国产精品久久自在自2021 | 成年网站免费观看 | 精品免费国产一区二区三区四区 | 日本黄色免费片 | 亚洲国产精品二区久久 | 天天操天天干天天 | 久草视频电影 | 国内精品视频 在线播放 | 黑人性猛交xxxx乱大交一 | 成人av免费观看 | 网站在线观看 | 蜜臀国产| 日本视频高清免费观看xxx | 国产欧美日韩第一页 | 性做爰片免费视频毛片中文ILO | 99久久国产综合精品女小说 | 一级三级黄色片 | 久久99精品久久久久久噜噜 | 欧美一级高清免费 | 精品国产欧美 | 亚洲精品电影在线观看 | 色yeye在线观视频 | 亚洲自拍色 | 日韩精品成人a在线观看 | 狠狠色欧美亚洲狠狠色五 | 欧美精品aaa久久久影院 | 综合精品 | 91福利免费体验区观看区 | 五月天婷婷免费观看视频在线 | 亚洲A片V一区二区三区有声 | 久久精品视频在线播放 |