Thirty Years of Turbulence - Chinese Enterprises

作者：admin  点击次数：22  发布时间：2025-06-18

In order to promote this crucial reform, on January 22, the State Council issued the "Trial Measures for Profit Retention of State owned Industrial Enterprises" based on the experience of pilot enterprises such as Shougang, allowing pilot enterprises that expand their autonomy to change the original full profit retention to "base profit retention plus growth profit retention". However, industrial enterprises must complete the four planned indicators of output, quality, profit, and supply contracts before they can withdraw all profit retention funds according to the approved and prescribed retention ratio. In February, the National Economic Commission issued a notice requiring pilot enterprises to ensure that "the country collects more, enterprises retain more, and employees have more". This is certainly a beautiful requirement, but it is difficult to implement. Various signs indicate that regulations are gradually loosening, but the central government hopes that everything will proceed in an orderly manner under planned control. Around the country, new news of change is emerging in endlessly: at the beginning of the year, the People's Insurance Company of China came back and domestic insurance business was allowed to resume; On April 10th, the Beijing Administration of Civil Aviation of China and the Hong Kong based China Airlines Food Company jointly established the "Beijing Airlines Food Company" with a registered capital of 5.58 million yuan, with Hong Kong resident Wu Shuqing serving as the executive director of the Hong Kong side. The State Administration for Industry and Commerce issued the business license No. 001 for Sino foreign joint ventures, making it the first Sino foreign joint venture officially approved by the Chinese government. At that time, the daily serving capacity of Beijing Airlines Food Company was only 640, and in 20 years, this number will rise to 25000.