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State-owned Enterprises Research Project Press Release Conference & Academic Seminar Successfull
 
 Author:Unirule  
Time:2011-03-08 14:13:15   Clicks:


The Unirule Institute of Economics spent one year and finished "The Nature, Performance and Reform of State-owned Enterprises" Research Project. The Press Release Conference & Academic Seminar was successfully held in Beijing Jade Palace Hotel on Mar. 2nd, 2011.

Prof. Sheng Hong, Research Team Leader, and Mr. Zhao Nong, Executive Team Leader, introduced the research results and answered relevant questions raised by reporters. A number of experts attended the release conference, including Prof. Jiang Ping, Previous President of China University of Political Science and Law, Dr. Yang Mu, Senior Research Scholar of the East Asian Institute, Prof. Zhang Shuguang, Chairman of the Academic Committee of the Unirule Institute of Economics, Prof. Cai Jiming, Director of Center for Political Economy, Tsinghua University, Zhang Xinzhu, Research Fellow of Institute of Quantitative & Technical Economics, CASS, Liu Xiaoxuan, Vice Director of the Department of Microeconomics, the Institute of Economics, CASS, Gao Minghua, Vice Dean of School of Economics and Business Administration, Beijing Normal University, Qiu Feng, Vice Chairman of the Academic Committee of the Unirule Institute of Economics, Wang Jian, Research Fellow of Academy of Macroeconomic Research, NDRC, Wang Xiaoye, Research Fellow of the Institute of Law, CASS, and Prof. Yang Fan, Business School, China University of Political Science and Law.

Report Abstract

State-owned and state-holding enterprises made a total profit of 4917.48 billion yuan from 2001 to 2008, with the total book profit of 2008 increased by 2.79 times over that of 2001. The total net profit amounted to 3309.86 billion yuan, with the total book net profit of 2008 increased by 3.25 times over that of 2001.

The total profit of 138 central enterprises reached 696.18 billion yuan in 2008, accounting for 52.3% of the total profit of state-owned enterprises (under the management of State-owned Assets Supervision and Administration Commission). The net profits of ten enterprises occupied 70% of all net profits made by central enterprises, namely, China National Petroleum Corporation, China Mobile Limited, China Telecommunications Corporation, China United Network Communications Group Co., Ltd., China Petroleum & Chemical Corporation, i.e. Hereinto, China National Petroleum Corporation and China Mobile Limited made a profit of 126.802 billion yuan and 112.793 billion yuan respectively, the total of which exceeds one third of the total profit made by central enterprises. It can be seen that profits of central enterprises were mainly realized by monopoly enterprises.

In 2008, staff salary of state-owned enterprises was 13.3% higher than that of other organizations, and 12% higher than social average level, while staff wage of state-owned enterprises was 17.1% higher than that of other organizations, and 13.7% higher than social average level. Tremendous differences exist among different industries. The top five industries in staff salary list were the securities industry, tobacco products industry, banking industry, other financial activities, and oil and gas industry, among which the income level of the securities industry was ten times that of the textile industry.

Totally 4 Pages,Now on the 1  Page   1  2  3  4  




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