2016年CRI China Unveils Plan for Streamlining SOEs

 

Latest measures announced by China's State Council are targeting a series of specific problems with SOEs, such as redundancy in employment, the overlap¹ of corporations and their administrators², as well as eliminating an oversized cluster of subsidiaries.

However, they all have one major goal: In order to be healthier, SOEs must lose weight.

One of the main goals is to reduce SOE's overcapacity, especially in steel and coal sectors³.

China's top economic planner, the National Development and Reform Commission, already announced plans to cut steel capacity by more than 100 million tons, and coal capacity by around 500 million tons by 2020.

Under this broader goal, a new short-term target has been set for China's SOEs.

Zhang Xiwu is an official with the State Council's department which supervises China's state-owned assets.

"We're going to cut SOEs capacity by 10 percent in steel and coal production by the end of next year."

Deepening administrative⁴ reforms are also a major goal in the government's current five-year plan.

While this reform is primarily aimed at improving the efficiency of all levels of government, SOEs are being targeted specifically.

Currently, most SOEs in China have anywhere from 5 to 9 levels of administrators.

The plan is to reduce this to 3 to 4 levels within the next 3-years.

Li Jin is the chief analyst⁵ with the China Enterprises Research Institute.

"We need to re-calibrate centrally-administered SOEs toward centralized production, toward key and core industries. This will help to promote efficiency and maintain growth."

It's estimated the new move to streamline⁶ the administrations will end up generating revenues of more than 15 billion US dollars for SOEs by 2017.

Around 350 large and medium-sized Chinese SOEs are said to be struggling financially at the moment.

The State Council is now planning to shut down one-third of them over the next 3-years.

For CRI, this is Ding Heng.

1 overlap   

v.重叠，与…交叠；n.重叠

参考例句：

• The overlap between the jacket and the trousers is not good.夹克和裤子重叠的部分不好看。
• Tiles overlap each other.屋瓦相互叠盖。

2 administrators   

n.管理者( administrator的名词复数 )；有管理（或行政）才能的人；（由遗嘱检验法庭指定的）遗产管理人；奉派暂管主教教区的牧师

参考例句：

• He had administrators under him but took the crucial decisions himself. 他手下有管理人员，但重要的决策仍由他自己来做。 来自辞典例句
• Administrators have their own methods of social intercourse. 办行政的人有他们的社交方式。 来自汉英文学 - 围城

3 sectors   

n.部门( sector的名词复数 )；领域；防御地区；扇形

参考例句：

• Berlin was divided into four sectors after the war. 战后柏林分成了4 个区。 来自《简明英汉词典》
• Industry and agriculture are the two important sectors of the national economy. 工业和农业是国民经济的两个重要部门。 来自《现代汉英综合大词典》

4 administrative   

adj.行政的，管理的

参考例句：

• The administrative burden must be lifted from local government.必须解除地方政府的行政负担。
• He regarded all these administrative details as beneath his notice.他认为行政管理上的这些琐事都不值一顾。

5 analyst   

n.分析家，化验员；心理分析学家

参考例句：

• What can you contribute to the position of a market analyst?你有什么技能可有助于市场分析员的职务？
• The analyst is required to interpolate values between standards.分析人员需要在这些标准中插入一些值。

6 streamline   

vt.使成流线型；使简化；使现代化

参考例句：

• We must streamline our methods.我们必须简化方法。
• Any liquid or gas passing it will have streamline flow.任何通过它的液体或气体将呈流线型的流动。