国内英语资讯:China Focus: Profits gain as local SOEs deepen reform
<p><span word="TAIYUAN">TAIYUAN</span>/<span word="SHENZHEN">SHENZHEN</span>, <span word="March">March</span> 8-- <span word="Li">Li</span> <span word="Qiuxi">Qiuxi</span> <span word="remains">remains</span> <span word="chairperson">chairperson</span> <span word="of">of</span> <span word="a">a</span> <span word="provincial">provincial</span> <span word="state">state</span>-<span word="owned">owned</span> <span word="enterprise">enterprise</span> (<span word="SOE">SOE</span>), <span word="thanks">thanks</span> <span word="to">to</span> <span word="the">the</span> <span word="fulfillment">fulfillment</span> <span word="of">of</span> <span word="the">the</span> <span word="annual">annual</span> <span word="revenue">revenue</span> <span word="and">and</span> <span word="profit">profit</span> <span word="growth">growth</span> <span word="targets">targets</span> <span word="set">set</span> <span word="in">in</span> <span word="a">a</span> <span word="letter">letter</span> <span word="of">of</span> <span word="responsibility">responsibility</span> <span word="last">last</span> <span word="year">year</span>.</p><p><span word="Under">Under</span> <span word="the">the</span> <span word="contract">contract</span> <span word="Li">Li</span> <span word="signed">signed</span> <span word="with">with</span> <span word="the">the</span> <span word="Shanxi">Shanxi</span> <span word="state">state</span>-<span word="owned">owned</span> <span word="assets">assets</span> <span word="watchdog">watchdog</span> <span word="in">in</span> <span word="February">February</span> 2017, <span word="one">one</span> <span word="target">target</span> <span word="for">for</span> <span word="Fenjiu">Fenjiu</span> <span word="Group">Group</span>, <span word="the">the</span> <span word="first">first</span> <span word="pilot">pilot</span> <span word="SOE">SOE</span> <span word="in">in</span> <span word="the">the</span> <span word="contractual">contractual</span> <span word="management">management</span> <span word="reform">reform</span> <span word="in">in</span> <span word="the">the</span> <span word="province">province</span>, <span word="was">was</span> <span word="to">to</span> <span word="increase">increase</span> <span word="its">its</span> <span word="annual">annual</span> <span word="profit">profit</span> <span word="of">of</span> <span word="the">the</span> <span word="liquor">liquor</span> <span word="sector">sector</span> <span word="by">by</span> 25 <span word="percent">percent</span>. <span word="Otherwise">Otherwise</span>, <span word="Li">Li</span> <span word="would">would</span> <span word="be">be</span> <span word="dismissed">dismissed</span> <span word="from">from</span> <span word="his">his</span> <span word="post">post</span> <span word="with">with</span> <span word="the">the</span> <span word="company">company</span>.</p><p><span word="Far">Far</span> <span word="above">above</span> <span word="the">the</span> <span word="target">target</span>, <span word="the">the</span> <span word="profit">profit</span> <span word="of">of</span> <span word="the">the</span> <span word="liquor">liquor</span> <span word="sector">sector</span> <span word="of">of</span> <span word="Fenjiu">Fenjiu</span> <span word="Group">Group</span>, <span word="one">one</span> <span word="of">of</span> <span word="the">the</span> <span word="country">country</span>'<span word="s">s</span> <span word="leading">leading</span> <span word="liquor">liquor</span> <span word="brands">brands</span>, <span word="increased">increased</span> <span word="by">by</span> 68 <span word="percent">percent</span> <span word="year">year</span>-<span word="on">on</span>-<span word="year">year</span> <span word="last">last</span> <span word="year">year</span>. <span word="Other">Other</span> <span word="major">major</span> <span word="performance">performance</span> <span word="targets">targets</span> <span word="in">in</span> <span word="the">the</span> <span word="contract">contract</span> <span word="were">were</span> <span word="also">also</span> <span word="achieved">achieved</span>.</p><p><span word="The">The</span> <span word="pilot">pilot</span> <span word="reform">reform</span> <span word="has">has</span> <span word="been">been</span> <span word="extended">extended</span> <span word="to">to</span> 17 <span word="SOEs">SOEs</span> <span word="in">in</span> <span word="coal">coal</span>-<span word="rich">rich</span> <span word="Shanxi">Shanxi</span>, <span word="including">including</span> <span word="Taiyuan">Taiyuan</span> <span word="Iron">Iron</span> <span word="and">and</span> <span word="Steel">Steel</span> (<span word="Group">Group</span>) <span word="Co">Co</span>., <span word="Ltd">Ltd</span> <span word="and">and</span> <span word="Shanxi">Shanxi</span> <span word="Coking">Coking</span> <span word="Coal">Coal</span> <span word="Group">Group</span>.</p><p><span word="Contractual">Contractual</span> <span word="management">management</span> <span word="is">is</span> <span word="a">a</span> <span word="major">major</span> <span word="SOE">SOE</span> <span word="reform">reform</span> <span word="in">in</span> <span word="Shanxi">Shanxi</span>, <span word="prompting">prompting</span> <span word="SOEs">SOEs</span> <span word="to">to</span> <span word="speed">speed</span> <span word="up">up</span> <span word="structural">structural</span> <span word="adjustment">adjustment</span> <span word="for">for</span> <span word="high">high</span>-<span word="quality">quality</span> <span word="development">development</span> <span word="through">through</span> <span word="clear">clear</span> <span word="and">and</span> <span word="scientific">scientific</span> <span word="performance">performance</span> <span word="assessment">assessment</span>, <span word="said">said</span> <span word="Wang">Wang</span> <span word="Yixin">Yixin</span>, <span word="vice">vice</span> <span word="governor">governor</span> <span word="of">of</span> <span word="Shanxi">Shanxi</span>.</p><p><span word="Reforms">Reforms</span> <span word="will">will</span> <span word="be">be</span> <span word="advanced">advanced</span> <span word="in">in</span> <span word="state">state</span> <span word="capital">capital</span> <span word="and">and</span> <span word="SOEs">SOEs</span>, <span word="according">according</span> <span word="to">to</span> <span word="the">the</span> <span word="government">government</span> <span word="work">work</span> <span word="report">report</span> <span word="delivered">delivered</span> <span word="by">by</span> <span word="Premier">Premier</span> <span word="Li">Li</span> <span word="Keqiang">Keqiang</span> <span word="to">to</span> <span word="the">the</span> <span word="first">first</span> <span word="session">session</span> <span word="of">of</span> <span word="the">the</span> 13<span word="th">th</span> <span word="National">National</span> <span word="People">People</span>'<span word="s">s</span> <span word="Congress">Congress</span>(<span word="NPC">NPC</span>), <span word="China">China</span>'<span word="s">s</span> <span word="top">top</span> <span word="legislature">legislature</span>, <span word="on">on</span> <span word="March">March</span> 5.</p><p>"<span word="Our">Our</span> <span word="SOEs">SOEs</span> <span word="should">should</span>, <span word="through">through</span> <span word="reform">reform</span> <span word="and">and</span> <span word="innovation">innovation</span>, <span word="become">become</span> <span word="front">front</span>-<span word="runners">runners</span> <span word="in">in</span> <span word="pursuing">pursuing</span> <span word="high">high</span>-<span word="quality">quality</span> <span word="development">development</span>," <span word="said">said</span> <span word="the">the</span> <span word="report">report</span>. <span word="Reforms">Reforms</span> <span word="introducing">introducing</span> <span word="mixed">mixed</span> <span word="ownership">ownership</span> <span word="in">in</span> <span word="SOEs">SOEs</span> <span word="will">will</span> <span word="be">be</span> <span word="carried">carried</span> <span word="forward">forward</span> <span word="prudently">prudently</span>.</p>
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