3 Updates

China encourages private capital

Nov 15 2013, 8:26am CST | by IANS

Beijing, Nov 15 (IANS) China has decided to allow more private capital into the market to develop a mixed ownership economy.

Beijing, Nov 15 — China has decided to allow more private capital into the market to develop a mixed ownership economy. According to a decision issued Friday by the Central Committee of the...

Filed under: news

YouTube Videos Tweets


48 weeks ago

China encourages private capital

Nov 15 2013, 8:26am CST | by IANS

Beijing, Nov 15 (IANS) China has decided to allow more private capital into the market to develop a mixed ownership economy.

Beijing, Nov 15 — China has decided to allow more private capital into the market to develop a mixed ownership economy.

According to a decision issued Friday by the Central Committee of the Communist Party of China (CPC), non-state-owned capital will be allowed to take equity stakes in projects featuring investment by state-owned capital, and employees of multi-ownership enterprises will be able to hold shares in their companies, Xinhua reported.

The country will vigorously develop mixed ownership to improve the basic economic system while keeping the dominant role of public ownership, with the state-owned economy playing a leading role, while encouraging, supporting and guiding the non-public sector, enhancing its vitality and creativity, according to the decision.

The decision called for cross shareholding of state capital, collectively owned capital and non-public capital to maintain and increase the value of stated assets and achieve common development of various ownerships.

The CPC Central Committee decided to support the development of the private economy, and stimulate its vitality and creativity, according to an explanation of the decision, made by Xi Jinping, general secretary of the CPC Central Committee.

Both public and non-public sectors of the economy are important components of the socialist market economy and significant bases for economic and social development, he said.

Property rights in the public sector will be protected, so as those of the non-public sector, Xi said.

The decision also called for further improvement in the management of state-owned assets.

Priority will be given to supervision of state-owned capital and qualified state-owned enterprises (SOEs) will be reorganised to establish state-owned assets investment companies, according to the decision.

These investment companies will serve national strategic goals and invest in key industries related to national security and the lifelines of national economy, said the decision.

The investment will mainly go to the public service and environment protection sectors, as well as prospective and strategic industries, it said.

Part of state-owned capital will be transferred to the social security fund. Thirty percent of the gains of the country's state-owned capital will have to be handed back to the government by 2020.

At present, the proportion ranges from zero to 15 percent. The money will be used to improve people's livelihood, said the decision.

The decision also called for improvement on the property rights system with equal treatment on both public and non-public properties. It also ruled that property rights of various types should be protected in accordance with the law.

The lengthy policy document - officially named 'A decision on major issues concerning comprehensive and far-reaching reforms' - was approved in the third plenary session of the 18th CPC Central Committee, a four-day key meeting which ended in Beijing Tuesday.


Source: IANS




2 weeks ago

17-Year-Old Protest Veteran Joshua Wong Is Face of Hong Kong Protests

Oct 3 2014 12:24pm CDT | Source: Big Government

The protests against the Communist Party of China currently engulfing China have been described as largely a student-led movement, and within that movement, one teen has distinguished himself as a veteran activist, with wins against the Chinese government under his belt. Joshua Wong has been protesting the oppressive maneuvers of the Chinese government against Hong Kong for years, despite his young age. Wong, leader of the Scholarism movement largely r ...
Source: Big Government   Full article at: Big Government


Don't miss ...


blog comments powered by Disqus

Latest stories

Baby rescued from Mexico's Metro station toilet bowl
Mexico City, Oct 20 (IANS/EFE) A newborn baby was found alive over the weekend in a toilet at a public restroom in a Mexico City Metro station, the Federal District Public Safety Secretariat said.
13 killed in attacks in Shia areas in Iraq (Roundup)
Baghdad, Oct 20 (IANS) At least 13 people were killed and 48 injured Monday in separate bomb attacks in Shia areas in Iraq even as the country's top Shia cleric expressed support for the government of Prime Minister Haider al-Abadi.
Lavrov hopes Russia-US ties will not worsen
Moscow, Oct 20 (IANS/EFE) Russian Foreign Minister Sergey Lavrov expressed hope Monday that Russia-US relations would not worsen further and said he disagreed that current ties could be characterised as "a cold war."
Bahrain clerics warned not to use places of worship for campaigning
Manama, Oct 20 (IANS) Bahrain authorities Monday warned religious leaders not to promote parliament and municipal candidates in mosques and places of worship ahead of the elections to be held next month.

Latest from the Network

1,074 new dengue cases in Chinese province
Beijing, Oct 18 (IANS) China's Guangdong province has reported 1,047 new cases of dengue fever, health authorities said Saturday. Six people have already died in Guangdong -- five in Guangzhou and one in adjacent...
Read more on Business Balla
Blake Lively 'always' wanted to be mum
Blake Lively has ''always'' wanted to be a mother. The 27-year-old actress is expecting her first child with husband Ryan Reynolds and she admits she's been dreaming of this moment since she was a youngster. Speaking...
Read more on Celebrity Balla
Kris Jenner 'torn apart' by Bruce's new relationship
Kris Jenner feels ''torn apart and angry'' that Bruce Jenner is dating her former assistant. The 58-year-old matriarch split from the 64-year-old Olympic gold medalist last October following 22-years of marriage but is...
Read more on Celebrity Balla
Cheryl Fernandez-Versini won't move to France
Cheryl Fernandez-Versini doesn't want to move to her husband's home country of France. The 'X Factor' judge, 31, who comes from Newcastle, is adamant she won't be relocating any time soon to suit her new spouse Jean-...
Read more on Celebrity Balla
Lance Bass sets wedding date
Lance Bass has set a date for his wedding. The former *NSYNC singer and his partner Michael Turchin, who have been dating for two-and-a-half years, are to tie the knot on December 20, 2014, a representative for the...
Read more on Celebrity Balla
Nepal avalanche toll reaches 39
Kathmandu, Oct 18 (IANS) At least 39 climbers died while hiking on a key Nepali route after it was hit by a major snowstorm and avalanches earlier this week, BBC reported Saturday citing officials. Over 350 stranded...
Read more on Politics Balla
Jake Gyllenhaal says society is complicit in 'nightcrawling'
Jake Gyllenhaal says almost everybody in society ought to relate to his new movie 'Nightcrawlers'. The eagerly-awaited film concerns those people who monitor police scanners and then race to crime scenes to film eye-...
Read more on Movie Balla
India eves look for first win in AFC U-16 qualifiers
Dhaka, Oct 18 (IANS) India will hope to register their first win of the 2015 Asian Football Confederation (AFC) Under-16 Women's Championship qualifiers when they take on hosts Bangladesh in a crucial encounter at the...
Read more on Sport Balla
Moyes mulling return to management
London, Oct 18 (IANS) Former Manchester United manager David Moyes said that he is ready to revive his managerial career six months after being sacked by the 'Red Devils'. "I am ready to return. I have enjoyed the...
Read more on Sport Balla
Ebola fears loom over Ghana hosting AFCON
Accra (Ghana), Oct 18 (IANS) The Ghana Medical Association (GMA) cautioned the government Saturday against hosting the 2015 African Cup of Nations (AFCON), despite a request by the Confederation of African Football (...
Read more on Sport Balla