www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Industries

SOEs hit reduction goal

By YANG ZIMAN (China Daily) Updated: 2016-10-25 09:18

State-owned enterprises directly under the supervision of the State-owned Assets Supervision and Administration Commission have reached the goal of trimming their overcapacity this year, well before the end of 2016, according to a top official of the commission.

There are 103 SOEs directly under the supervision of the SASAC. They include three all-steel companies: Baosteel Group, Wuhan Iron & Steel Group and Ansteel Group, as well as two steel-related companies-China Minerals Corp and Xinxing Cathay International Group.

The short-term goal of capacity reduction is to cut crude steel capacity by 15 percent, or a reduction of 27 million metric tons, within three years starting from 2016. This year's goal is a reduction of 7.19 million tons.

Li Bing, chief of the corporate reform office of the SASAC, said that the overall reduction of capacity would be completed by the companies' own reductions of 16.4 million tons, 9.39 million tons by mergers and reorganization and 1 million tons by export cross-border cooperation.

"The future capacity reduction goal is expected to increase," Li said.

The total crude steel capacity of the five steel and steel-related companies in 2015 stood at 138 million tons, accounting for 12.2 percent of the total steel capacity in China.

Baosteel announced in July that it would reduce its overcapacity by 9.2 million tons from 2016 to 2018. In August, it announced that the company had reached the yearly goal of reducing 3.95 million tons.

Wuhan Iron & Steel said in May that it would reduce capacity by 4.42 million tons. Yet it has not published its progress in this regard. Other steel-related SOEs have not disclosed their goals this year or their progress.

Li said that capacity reduction had become a key criterion for steel SOE leaders' performance reviews.

"The boards of SOEs must strictly review potential investment projects," he said.

"If any of them add new or expand existing steel capacity, the board of the company would be subjected to reorganization," he added.

On the other hand, leaders of whose companies which had made significant progress in capacity reduction would be awarded bonus points in performance reviews and increases in salary, he said.

Xu Xiaoqing, a steel analyst at 315.com.cn, an information website on bulk commodities, said that Wuhan Iron & Steel was expected to outperform its capacity reduction goal this year and Ansteel was expected to reach its goal.

"The merger of Baosteel and Wuhan Iron & Steel in September is a signal: mergers and reorganization will be the main direction for the industry in the future. The days of blind expansion will be over," said Xu.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 欧美综合在线观看 | fc2成年手机免费共享视频 | 久草视频观看 | 久草97| 国产一区二区免费不卡在线播放 | 高清一区二区 | 成人自拍视频网站 | 91亚洲精品一区二区在线观看 | 欧美亚洲国产精品 | 国产欧美一区二区三区在线看 | 久草视频在线免费看 | 92看片淫黄大片一级 | 久久在线视频 | 国产男女爽爽爽免费视频 | 欧美特级毛片aaaa | 亚洲欧美国产精品久久久 | 日韩在线视频免费 | 日韩高清一级毛片 | 高清国产美女一级毛片 | 午夜欧美精品久久久久久久久 | 欧美成人毛片免费网站 | 国产精品亚洲四区在线观看 | 亚洲精品久久久久中文字幕一区 | 中文字幕国产亚洲 | 日韩精品中文字幕在线观看 | 欧美一级毛片高清视频 | 一级a级国产不卡毛片 | 日韩视频在线观看中字 | 一级色网站 | 欧美亚洲在线视频 | 一区二区三区久久精品 | 国产欧美在线观看不卡一 | 成人观看免费大片在线观看 | www.久草视频 | 亚洲国产最新 | 最近免费手机中文字幕3 | 国产成人一区二区三区在线视频 | 黄色毛片子 | 成人国产精品免费视频不卡 | 日本 亚洲 欧美 | 欧美特级大片 |