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China North Industries Corporation
China North Industries Group Corporation Limited, doing business internationally as Norinco Group (North Industries Corporation), and known within China as China Ordnance Industries Group Corporation Limited (), is a Chinese state-owned defense corporation that manufactures a diverse range of commercial and military products. Norinco Group is one of the world's largest defense contractors. The company's subsidiary, China North Industries Corporation (), or simply Norinco, markets Norinco Group's products internationally, and is also involved in domestic civil construction and military defense projects. History Established in 1980 with the approval of the State Council of China, Norinco is an enterprise group engaged in both products and capital operation, integrated with research and development, manufacturing, marketing and services. Norinco mainly deals with defense products, petroleum & mineral resources development, international engineering contracting, optronic products, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
State-owned Enterprise
A state-owned enterprise (SOE) is a Government, government entity which is established or nationalised by the ''national government'' or ''provincial government'' by an executive order or an act of legislation in order to earn Profit (economics), profit for the Government, government, control monopoly of the Private sector, private sector entities, provide products and services to citizens at a lower price and for the achievement of overall financial goals & developmental objectives in a particular country. The national government or provincial government has majority ownership over these ''state owned enterprises''. These ''state owned enterprises'' are also known as public sector undertakings in some countries. Defining characteristics of SOEs are their distinct legal form and possession of Profit (economics), financial goals & developmental objectives (e.g., a state railway company may aim to make transportation more accessible and earn profit for the government), SOEs ar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
