2 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

 
 
 

36 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.

IANS

Source: IANS

 
Update
2

1 week ago

China ex-officials see reprisals for baring abuses

Jul 22 2014 7:13am CDT | Source: Townhall's

BEIJING (AP) — A former Chinese official who publicly accused Communist Party investigators of physically abusing him ...
Source: Townhall's   Full article at: Townhall's
 

 

Don't miss ...

 

blog comments powered by Disqus

Latest stories

100 more killed in Gaza as truce offer hangs in balance (Roundup)
Gaza, July 29 (IANS/EFE) At least 100 Palestinians were killed Tuesday in the heaviest air and ground bombardment by Israeli forces on the Gaza Strip since the launch of Operation Protective Edge July 8 as an unilateral ceasefire offered by Palestinian factions hangs in balance amid media reports of Hamas rejecting it.
 
 
Will not allow terrorists back in Waziristan: Pakistan army chief
Islamabad, July 29 (IANS) Pakistan Army chief Raheel Sharif Tuesday said the "terrorists will not be allowed" to return to the North Waziristan tribal region where a major offensive against militants continues.
 
 
US voices support for Modi vision ahead of Kerry's visit
Washington/New Delhi, July 29 (IANS) The US will seek to establish top level contact with the new Indian government as US Secretary of State John Kerry reaches India Wednesday on a visit expected to lay the groundwork for Prime Minister Narendra Modi's much-awaited September visit to the US.
 
 
Parliamentary curbs on Arab-Israeli lawmaker
Jerusalem, July 29 (IANS) The ethics committee of the Israeli parliament has banned M.K. Haneen Zoabi, the first Arab-Israeli woman to be elected to the legislative body, from all parliamentary activity except voting for the next six months, media reports said Tuesday.
 
 
 

Latest from the Network

Indian weightlifter Chandrakant Mali gets bronze
Glasgow, July 30 (IANS) Weightlifter Chandrakant Mali won the bronze medal in the men's 94kg category bringing home the 10th medal for India in the day at the Commonwealth Games here Tuesday. The gold went to Papua...
Read more on Sport Balla
 
EU to impose more restrictive measures against Russia
Brussels, July 30 (IANS) The European Union (EU) has agreed a package of "significant" additional restrictive measures targeting sectoral cooperation and exchanges with Russia, the European Council said in a statement...
Read more on Business Balla
 
Medals tally at Commonwealth Games
Glasgow, July 30 (IANS) Australia are leading the medals tally with 33 gold, 28 silver and 37 bronze on the fifth day of the 20th Commonwealth Games. India are now sixth with a tally of 35 medals, including 10 gold,...
Read more on Sport Balla
 
Chris Brown's neighbour threatens to shoot him
Los Angeles, July 30 (IANS) Chris Brown's neighbour has threatened to kill him if the singer will try to step onto his property. The pop star's new neighbour at the 8,000 square foot house in Agoura here has tried to...
Read more on Celebrity Balla
 
Shooters, wrestlers inspire India's medal rush in Commonwealth Games (Roundup)
Glasgow, July 30 (IANS) Shooters and wrestlers put on a stunning show as India grabbed nine medals, including three gold medals, in what was their best show so far in the 2014 Commonwealth Games here Tuesday. Sushil...
Read more on Sport Balla
 
Boxer Sarita in quarters, Manoj ousted
Glasgow, July 30 (IANS) Indian pugilist won L. Sarita Devi won her women's 57-60 kg opening bout to proceed to the quarterfinals of the Commonwealth Games here Tuesday. However, it was the end of the road for men's 64...
Read more on Sport Balla
 
Sushil leads India's gold rush win wrestling (Wrestling Roundup)
Glasgow, July 30 (IANS) Sushil Kumar led the charge as Indian wrestlers put on a stunning show in the Commonwealth Games winning three of the five gold medals on offer here Tuesday. Amit Kumar and teenager Vinesh...
Read more on Sport Balla
 
Chris Martin and Gwyneth Paltrow attend screening
Gwyneth Paltrow and Chris Martin seemed ''really happy'' at a movie screening on Monday night (07.28.14). The 41-year-old 'Iron Man' actress and the Coldplay frontman, who have two children, Apple, 10, and Moses, nine,...
Read more on Celebrity Balla
 
Tony Bennett designed Lady Gaga's new tattoo
Tony Bennett designed Lady Gaga's new tattoo. The 'Poker Face' hitmaker, who is gearing up to release a jazz album, 'Cheek to Cheek,' with the legendary singer, 87, in September, recently had a special trumpet inked on...
Read more on Celebrity Balla
 
James Garner died of a massive heart attack
James Garner's death certificate has revealed he died of a massive heart attack. The 86-year-old legendary actor passed away at his home in Los Angeles on July 19 from acute myocardial infarction. The legal document...
Read more on Celebrity Balla