Chinese State Owns Less Than Half Of Top 500 Manufacturing Companies

SINO DAILY

File photo: Shenyan copper smelter, China.

by Staff Writers
Beijing (AFP) Aug 20, 2006
Less than half of the top 500 manufacturing companies in officially communist China are actually state-owned, official media reported Sunday. Only 220 of the biggest enterprises in the manufacturing industry are directly controlled by the state, the Xinhua news agency said, citing a survey by the National Bureau of Statistics.

The rest divide themselves between genuinely private companies and a less clear-cut category of collective enterprises, which may involve some measure of government control.

Xinhua did not specify how many of the 500 enterprises belonged to each of the two groups.

China's pragmatic style of communism has allowed for a significant and growing role for the private sector in recent years.

The constitution reflects this, with a 1999 amendment upgrading the private sector to an "essential part" of China's economy.

Another constitutional amendment in 2004 consolidated the private sector's status, saying that "legally obtained private property of the citizens shall not be violated."

Controversially, the communist party has sent out similar signals in recent years by allowing capitalists and private entrepreneurs to join its ranks.

Source: Agence France-Presse

SINO DAILY

China To Modernize Military And Reunify Taiwan Says Defense Minister

Beijing (AFP) July 31, 2006
China will be a force for global peace but it must arm its military with the latest in high-tech weapons and ensure that Taiwan never splits from the mainland, the defence minister said Monday. Minister Cao Gangchuan said modernization remained the armed forces' priority, the China News Service reported.

SUPERPOWERS Russian Military To Practice Repelling Invasion From East Is The CIS Getting Divorced F-22 Raptor To Be Deployed To The Northern Pacific US Department Of Defense In Cash Crunch	TRADE WARS Australia, NZ Urged To Drop Labour, Environment From Asean Trade Talks WTO can withstand Doha Round freeze Illicit Trade Led To Modern Globalization China Urges US To Lift High Tech Restrictions On Exports
DISASTER MANAGEMENT After The Tsunami, Aceh Plays Host To First-Ever Lifeguards China's natural disaster death toll at six-year high SIA Launches Guide To Satellites For Disaster And Emergency Responders South Korean Emergency Aid Heads For North	DRAGON SPACE Lunar Programme To Be Open To World First Chinese Taikonaut Talks About Eight Years In Training Silkworm Space Cookies Add Flavour To Diet China To Explore Mars As Well As The Moon
ENERGY TECH Irish Company Challenges Scientists To Test Free Energy Technology World Oil Prices Supported By Renewed Concerns Over Iran France's Coal Mining Industry To Get Second Wind With New Power Project Boeing to Supply Terrestrial Solar Cells for Australia	EPIDEMICS Analysis: AIDS Research Pipeline Bursting Drugs Defeat Resistant AIDS One Drug Holds AIDS At Bay New AIDS Treatment Aims For Early Knock Out Punch
CIVIL NUCLEAR New Check On Nuke Power Swedish nuclear sector out of danger, but political fallout lingers US Says New Pakistani Nuclear Reactor Not Very Powerful Nuclear Plant Faced Possible Meltdown In Sweden	THE PITS Eighteen killed in northern China coal mine accident Five shot during riots at Chinese-owned mine in Zambia: report 20 dead in double China mine tragedy Fifty-Five Bodies Pulled From China Coal Mine

The content herein, unless otherwise known to be public domain, are Copyright 1995-2006 - SpaceDaily.AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA PortalReports are copyright European Space Agency. All NASA sourced material is public domain. Additionalcopyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement