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Guo Jin Min Tui
''Guo jin min tui'' (国进民退) is an alleged phenomenon in the Chinese economy, meaning "the state enterprises advance, the private sectors retreat". Despite being less profitable - the average return on equity is 4% - state-owned enterprises have easier access to funding than purely private enterprises. The government has encouraged state-owned enterprises to consolidate, favoured them in regulation, and awarded them contracts and subsidies; this crowds out other competitors, both domestic and foreign, undermining the economy. This contrasts with an earlier phase of economic liberalisation in China, where the private sector was seen as flourishing and generating growth; in the late 1990s, Zhu Rongji Zhu Rongji (; IPA: ; born 23 October 1928) is a retired Chinese politician who served as Premier of the People's Republic of China from 1998 to 2003 and CCP Politburo Standing Committee member from 1992 to 2002 along with the Chinese Communist ... weeded out some of the wea ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of China
The China, People's Republic of China has an upper middle income Developing country, developing Mixed economy, mixed socialist market economy that incorporates economic planning through Industrial policy, industrial policies and strategic Five-year plans of China, five-year plans. —Xu, Chenggang. "The Fundamental Institutions of China’s Reforms and Development." Journal of Economic Literature, vol. 49, no. 4, American Economic Association, 2011, pp. 1076–151, . —Nee, Victor, and Sonja Opper. "Political Capital in a Market Economy." Social Forces, vol. 88, no. 5, Oxford University Press, 2010, pp. 2105–32, . —Shue Tuck Wong & Sun Sheng Han (1998) Whither China's Market Economy? The Case of Lijin Zhen, Geographical Review, 88:1, 29-46, —Gregory C. Chow (2005) The Role of Planning in China's Market Economy, Journal of Chinese Economic and Business Studies, 3:3, 193-203, —HUA, HUANG. "The Market Economy in China." Security Dialogue, vol. 24, no. 2, Sage Publications ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Economist
''The Economist'' is a British weekly newspaper printed in demitab format and published digitally. It focuses on current affairs, international business, politics, technology, and culture. Based in London, the newspaper is owned by The Economist Group, with its core editorial offices in the United States, as well as across major cities in continental Europe, Asia, and the Middle East. In 2019, its average global print circulation was over 909,476; this, combined with its digital presence, runs to over 1.6 million. Across its social media platforms, it reaches an audience of 35 million, as of 2016. The newspaper has a prominent focus on data journalism and interpretive analysis over original reporting, to both criticism and acclaim. Founded in 1843, ''The Economist'' was first circulated by Scottish economist James Wilson to muster support for abolishing the British Corn Laws (1815–1846), a system of import tariffs. Over time, the newspaper's coverage expanded further into ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Zhu Rongji
Zhu Rongji (; IPA: ; born 23 October 1928) is a retired Chinese politician who served as Premier of the People's Republic of China from 1998 to 2003 and CCP Politburo Standing Committee member from 1992 to 2002 along with the Chinese Communist Party's general secretary Jiang Zemin. In his capacity as First Vice-Premier and Premier, Zhu was regarded as the leading figure behind China's economic policy in the 1990s and early 2000s. He also served as Mayor of Shanghai from 1988 to 1991 and Communist Party secretary of Shanghai from 1989 to 1991. He served alongside CCP leader Jiang Zemin and had a testy relationship with Jiang. Zhu had a reputation as a tough but pragmatic administrator. During his office, China's economy saw double digit growth. Zhu was also much more popular than his predecessor Li Peng among the Chinese public. However, Zhu's opponents stipulate that his tough and pragmatic stance on policy was unrealistic and unnecessary, and many of his promises were left un ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Air China
Air China Limited () is the flag carrier of the People's Republic of China and one of the "Big Three" mainland Chinese airlines (alongside China Southern Airlines and China Eastern Airlines). Air China's headquarters are in Shunyi District, Beijing. Air China's flight operations are based primarily at Beijing Capital International Airport. In 2017, the airline carried 102 million domestic and international passengers with an average load factor of 81%. The airline joined Star Alliance in 2007. History Early years Air China was established and commenced operations on 1 July 1988 as a result of the Chinese government's decision in late 1987 to split the operating divisions of Civil Aviation Administration of China (CAAC Airlines) into six separate airlines: Air China, China Eastern, China Southern, China Northern, China Southwest, and China Northwest. Air China was given chief responsibility for intercontinental flights and took over the CAAC's long haul aircraft ( Boeing ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
China Southern
China Southern Airlines Company Limited is an airline headquartered in Baiyun District, Guangzhou, Guangdong Province and is the largest airline in China. Established on 1 July 1988 following the restructuring of the CAAC Airlines that acquired and merged a number of domestic airlines, the airline became one of China's "Big Three" airlines (alongside Air China and China Eastern Airlines), the world's sixth-largest airline measured by passengers carried and Asia's largest airline in fleet size, revenue, and passengers carried. With its main hubs at Guangzhou Baiyun International Airport and Beijing Daxing International Airport, the airline operates more than 2,000 flights to more than 200 destinations daily and was a member of SkyTeam until 1 January 2019. The airline started a frequent flyer program partnership with American Airlines in March 2019. The logo of the airline consists of a kapok flower (which is also the city flower of Guangzhou) on a blue tail fin. The compan ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
China Eastern
China Eastern Airlines Corporation Limited (), also known as China Eastern, is an airline headquartered in the China Eastern Airlines Building, on the grounds of Shanghai Hongqiao International Airport in Changning District, Shanghai. It is one of the "Big Three" airlines (alongside Air China and China Southern Airlines) of the People's Republic of China, operating international, domestic and regional routes. Hongqiao airport, along with the larger Shanghai Pudong International Airport, are China Eastern's main hubs, with secondary hubs in Beijing Daxing, Kunming, and Xi'an. It is the second largest airline in China, in terms of passenger traffic, after China Southern Airlines. In 2021, its operation revenue is 67,127 million RMB. Its total asset is 286,548 million RMB. China Eastern and its subsidiary Shanghai Airlines became the 14th member of SkyTeam on 21 June 2011. The parent company of China Eastern Airlines Corporation Limited is China Eastern Air Holding Company. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
China National Aviation Fuel
China National Aviation Fuel Group Corporation (CNAF) is a Chinese state-owned enterprise. The company owns a 51% stake in China National Aviation Fuel Supply Co., Ltd. (), one of the largest jet fuel suppliers in China. China National Aviation Fuel Group was ranked 484th in 2016 Fortune Global 500 list. History China National Aviation Fuel Group () obtained its current name on 11 October 2002. In 2005 a subsidiary with limited liabilities was incorporated under the Companies Law of China on 22 September 2005, as China National Aviation Fuel Supply (). The minority shareholders of the subsidiary were Sinopec and PetroChina, the listed subsidiaries of fellow oil giant State-owned Assets Supervision and Administration Commission of the State Council. The corporation had a controversial net loss in 2004, which resulted by the arrest of Chen Jiulin, president of Singapore-listed subsidiary China Aviation Oil. Subsidiaries * China National Aviation Fuel Supply (51.00%) * China Nation ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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