Since the State-owned Assets Supervision and Administration Commission (SASAC) was established five years ago, the sales revenue of central SOEs grew by 1.3 trillion yuan on average each year, and profits increased by 150 billion yuan on average each year. Taxes-paid grew by 100 billion yuan on average each year, and total assets averaged an increase of 1.5 trillion yuan each year. From 2002 to 2007, SOE sales revenue, profits, and taxes-paid have an average annual increase of 18.7%, 36%, and 20.4% respectively. In 2007, the taxes-paid by all SOEs in China registered at 1.77 trillion yuan which accounts for 34.5% of the total fiscal revenue, said the minister of the State-owned Assets Supervision and Administration Commission (SASAC) Li Rongrong.
Li Rongrong said that the layout of China's state-owned assets supervision and management system has been essentially established and will be optimized gradually, state-owned assets supervision will be strengthened, SOEs will continue deepening reform. During the year from 2002 to 2007, the total number of SOEs in China had shrunk from 158,700 to 115,100. The total number of the central SOEs had shrunk from 196 to 149. 5,000 projects have been closed and gone bankrupt, and 10 million staff members and workers have been resettled.
By People's Daily Online
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