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BEIJING, Sept. 28 (Xinhua) -- Despite lingering global economic fragility adidas yeezy boost 350 kopen , China's centrally-administered state-owned enterprises (SOEs) have seen strong growth in the past five years.


Official data showed that the total assets of China's central SOEs reached 50.5 trillion yuan (about 7.62 trillion U.S. dollars) by the end of 2016, an 80 percent jump from the end of 2011.


Behind the robust growth was years of non-stop reforms since the 18th National Congress of the Communist Party of China (CPC) in 2012, which served as a strong boost for their efficiency and vitality.


"Looking back over the past five years, China has completed the top-level design of the SOE reform adidas nmd city sock kopen , making it more systematic, comprehensive and coordinated," Xiao Yaqing, chairperson of the State-owned Assets Supervision and Administration Commission (SASAC) adidas nmd xr1 olive kopen , said at a press conference Thursday.


RESTRUCTURING UNDERWAY


The central government has been actively restructuring its SOEs in a bid to improve their efficiency and competitiveness, with the number of central SOEs falling to 98 from 117 five years ago.


Since the 18th CPC National Congress, 34 central SOEs have been restructured, including a merger between two of China's top bullet train makers and another between two major steel producers.


Meanwhile adidas nmd runner dames , two new firms, Aero Engine Corporation of China and China Tower, were established to meet industrial development needs.p "Technology and market development is the strongest drive for the central SEO restructuring," said Xiao adidas nmd xr1 kopen , describing the restructuring efforts in the past five years as "unprecedented."


The mergers and reorganizations have helped the SOEs lift their global competitiveness by optimizing allocation of industrial resources, and up to 48 centrally-owned SOEs made it into the Fortune Global 500 rankings this year, according to Huang Danhua, vice-chairperson of the SASAC.


Besides creating industrial giants adidas springblade kopen , the restructuring offered a boost to their technological innovation capabilities and at the same time reduced management and production costs, according to Huang.


At a cabinet meeting Wednesday, authorities reiterated the need to further advance the restructuring of the central SOEs, especially in equipment manufacturing adidas superstar zwart goud dames , electricity, communications and chemical industries.


DEBT RISKS UNDER CONTROL


The SOEs, especially the centrally-administered ones, have played a vital role in China's ongoing supply-side structural reform by leading the excess capacity cuts and keeping their debt ratio under control.


From January to August this year adidas superstar wit goud bestellen , the central SOEs have beaten government-set targets by reducing 16.14 million tonnes of steel capacity and 55.1 million tonnes of coal capacity.


These companies have also trimmed 88.5 billion yuan of annual losses by dealing with "zombie companies" and loss-making enterprises.


Meanwhile, debt risks at the central SOEs are under control as the companies maintained a steady debt ratio over the past five years, data from the SASAC showed.


By the end of August, the average debt-to-asset ratio of central SOEs dropped to 66.5 p. Cheap Retro Jerseys Cheap Replica Jerseys Cheap NHL Jerseys China Cheap NFL Jerseys Cheap Jerseys China Free Shipping Cheap Stitched Jerseys Cheap NBA Jerseys China Cheap MLB Jerseys Cheap Wholesale College Jerseys Cheap Wholesale NHL Jerseys
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