In a recent speech to party cadres, Premier Li Keqiang said that Beijing wants the private sector to play a more prominent role in China's economy.Tuesday, 11 June, 2013, 1:44am 1 comment
A Shanxi official reportedly sold to his brother-in-law a state-owned coal mine worth 200 million yuan (HK$2.5 million) for only 375,000 yuan, Xinhua reported on Wednesday.
Li Xinsheng in 2007 oversaw a transaction in which a local commerce bureau sold state-owned coal mine in Baode county, Shanxi province, to three buyers. One of the buyers turned out to be Li’s brother-in-law.25 Oct 2012 - 2:03pm
The head of China's state-owned military and civilian aviation company said the privatisation of state-owned enterprises was part of a foreign conspiracy to shake the foundations of the Communist Party.
He warned the PLA would be the next target once SOEs were privatised.11 Apr 2012 - 12:00am
Population control is essential
I refer to the report ('Seven-billionth babies celebrated', November 1). While the birth of these individual children is wonderful for their parents, I doubt that Mother Earth will be celebrating.
A fundamental natural force motivates all life forms to maximise the presence of their own species.6 Nov 2011 - 12:00am
Harold Macmillan, one of the most interesting British prime ministers, was quoted accusing Margaret Thatcher of 'selling the family silver' when she embarked on large-scale privatisation of the country's state-owned industries. (His actual quote was more nuanced*.)12 Jul 2011 - 12:00am
Few expected any news from China's top legislator, National People's Congress chairman Wu Bangguo, when he delivered his annual address last week.
But Wu, who ranks No 2 in the Communist Party hierarchy, raised quite a few eyebrows with some intriguing remarks on the state of the nation.15 Mar 2011 - 12:00am
Shares of Joyce Boutique Holdings rebounded as much as 26.2 per cent to 26.5 HK cents yesterday after independent shareholders rejected the privatisation offer of controlling shareholder Peter Woo Kwong-ching.17 Apr 2010 - 12:00am
About 3,000 people, including former high-ranking officials and members of Communist Party think-tanks, signed an open letter to the National People's Congress and the Politburo over the weekend calling for an end to the privatisation of state-owned assets.20 Feb 2007 - 12:00am
Just hours before yesterday's scheduled vote on the privatisation of Japan's postal system in the upper house of the Diet, Prime Minister Junichiro Koizumi got cold feet and delayed the vote until Monday afternoon.6 Aug 2005 - 12:00am
The government is still looking at ways to privatise the Water Supplies Department, including a public-private partnership, despite growing calls to suspend further asset sales.2 Jun 2005 - 12:00am
Legco will tomorrow debate the government's plans for privatisation.
The rationale behind privatisation is said to be twofold. It is hoped that, firstly, the revenue generated by selling off public assets will help ease the budget deficit, and secondly, the introduction of market forces into the management of public assets will improve its efficiency.31 May 2005 - 12:00am
Storm clouds are gathering over the government's proposal to privatise the Airport Authority.
The consultation period for the proposal draws to a close at the end of this month, and there is a growing consensus that officials in charge of the process have not made a case for the most fundamental of arguments: why privatise?20 May 2005 - 12:00am
THE WRITTEN WORD is my forte. The spoken word can be my weakness. I made a speech to the British Chamber of Commerce last Friday about private sector participation in Hong Kong's economy and I do not think I did it well.21 Feb 2005 - 12:00am
Consultation extended by three months as government allows for further queries on privatisation
The public consultation on the Airport Authority's privatisation plans has been extended by three months, with the government keen to avoid a repeat of the Housing Authority's Link Reit debacle.1 Feb 2005 - 12:00am
A little over a year ago, the State Council set up a new body to oversee state-owned assets. At the time, many analysts saw this as a prelude to a sweeping campaign of privatisation. The reality is proving somewhat different. In fact, at least in some cases, the new agency may be obstructing state asset sales.14 Jun 2004 - 12:00am