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Guangzhou Automobile Industry Group
Guangzhou Automobile Industry Group Co Ltd (GAIG, ) Introduction">Home > About Us > Introduction GAIG Official Site is a Chinese state-owned joint stock holding company that owns several Chinese automakers. A Chinese partner of Japanese companies Toyota and Honda, GAIG owns Chinese production bases that produce Chinese-market versions of the Japanese carmakers' models, which sell well in Southern China as of 2010.BAIC invests $736 mln to restructure Baolong's production base gasgoo.com, August 19, 2010 History Born during a reconstruction of the Guangzhou automotive industry in 2000, GAIG receives considerable support from the governments of |
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] |