• Wed
  • Sep 24, 2014
  • Updated: 10:25am

State Economic and Trade Commission

Growth in China's heavy industries to slow

China's State Economic and Trade Commission (SETC) has forecast slower production growth for six of its heavy industries this year.

Thursday, 23 January, 2003, 12:00am

Beijing trade body keen to build chain store image

The State Economic and Trade Commission (SETC) has unveiled an ambitious blueprint to change China's image as a chain store backwater.

In a five-year development plan, the SETC envisions the emergence of five to 10 large domestic chain stores that can compete internationally by 2005.

18 Nov 2002 - 12:00am

Key state firms see earnings slip back

Profits at 511 large state firms slipped 8.7 per cent year on year in the first half with more than 20 per cent losing money, according to the State Economic and Trade Commission.

However, the profit slide had slowed by 20 percentage points from the first quarter, commission data suggested.

3 Aug 2002 - 12:00am

Guarantee system proves popular

A credit-guarantee system is picking up steam in the mainland, aiming to help small and medium-sized enterprises (SMEs) solve their financial difficulties.

By May, about 18 provinces and regions had tried the experiment and another 34 cities had set up specialised units for that purpose, the China Daily quoted the State Economic and Trade Commission (SETC) as saying yesterday.

24 Jul 1999 - 12:00am

Orient sets up software venture

A maker of television components, Beijing Orient Electronics Group, plans to enter a computer systems and software venture with a research arm of the State Economic and Trade Commission. Mainland-based Orient would invest 24.08 million yuan (about HK$22.4 million) to hold an 80 per cent stake in the firm, it said. Registered capital would be 30.1 million yuan.

13 Aug 1998 - 12:00am

Rules laid down for reformers

Mainland state industrial sector reforms must follow economic rules and try to avoid harming workers, the government ordered yesterday. A State Economic and Trade Commission circular said enterprises should not be forced to merge and small state firms must not order staff to buy shares, but holdings should not be concentrated in the hands of a few, China Daily reported.

19 Jun 1998 - 12:00am

Aid needed as textile mills report losses

Mainland state-owned textile mills are reporting record losses this year and will need millions of dollars in new bailouts in 1998 despite massive aid extended to date, officials say.

19 Dec 1997 - 12:00am

Chosen firms to get support

China will give priority to state firms, chosen for restructuring into conglomerates, when giving permission to issue stocks and bonds, a State Economic and Trade Commission official says. The government would boost financial support to chosen state firms, China Securities quoted commission vice-minister Chen Qingtai saying.

27 Jun 1997 - 12:00am

State enterprise losses run to 130 billion yuan

CHINA'S ailing state enterprises have suffered losses of at least 130 billion yuan (HK$115.44 billion) and the multiple debts among them stood at 140 billion yuan, according to official statistics.

The plight of the 14,000-strong state-owned medium and large enterprises was addressed in a report compiled by the State Economic and Trade Commission (SETC).

18 Mar 1994 - 12:00am

Beijing to write off firms' debts

CHINA plans to clear the billions of debts facing the state-owned enterprises to help enliven their operation under a bold drive to establish a modern enterprise system by the end of this century, according to official reports.

22 Dec 1993 - 12:00am