China's State Economic and Trade Commission (SETC) has forecast slower production growth for six of its heavy industries this year.
The State Economic and Trade Commission (SETC) has unveiled an ambitious blueprint to change China's image as a chain store backwater.
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.
A credit-guarantee system is picking up steam in the mainland, aiming to help small and medium-sized enterprises (SMEs) solve their financial difficulties.
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 state industrial sector reforms must follow economic rules and try to avoid harming workers, the government ordered yesterday.
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.
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.
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...
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...