BEIJING, Sept. 18 -- China's state-owned enterprises (SOEs) have navigated torrential waters over the past 70 years, from breaking the ground for the country's industrial system to becoming the model of enterprises worldwide, and are now pledging more contributions to the world economy.
LAYING THE FOUNDATION
At a time when China's manufacturing industry was still in its infancy, it was the SOEs that supplied the bedrock of the country's industrial development.
The seamless steel pipe that debuted in China 66 years ago, the green-clad truck bearing the brand name "Jiefang" as well as the silver-white fighter jet that first rolled off production lines in 1956 attested to the SOEs' early triumphs.
Seven decades have proved long enough for China's SOEs to emulate their foreign counterparts and lead global innovation.
As a long-time pillar of the Chinese economy, the steel industry delivered a total output of 928 million tonnes in 2018, almost 5,900 times that of 1949, accounting for more than half of the world's annual steel production.
Today, SOEs remain active in the advent and growth of China's most acclaimed industrial fronts, including high-speed railway, supercomputers and navigation satellite systems, to name a few.
UNLEASHING VITALITY
Alongside their dazzling achievements, the SOEs' quest to maintain vitality is equally memorable.
China's SOEs have undergone a series of reforms in terms of shareholding, payroll and human resource management since 1978, in an effort to better fit into the big picture of China's economy, which at the time was morphing into a socialist market economy marked by diverse corporate ownerships.
【国内英语资讯:(New China in 70 years) Economic Watch: Chinese SOEs rise from scratch to spotlight】相关文章:
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