Posted: 4 december 2009
We lezen op www.globaltimes.cn
State firms lose ¥11.4b
Sixty-eight central State-owned Enterprises (SOEs) have suffered a net floating loss of 11.4 billion yuan ($1.67 billion) in the past decade, especially in recent years, due to their reckless investments in international financial derivatives, a new re-port by the State asset-management authority said.
The report, published Monday by the Study Times and run by the Party School of the Central Committee of the CPC, was written by Li Wei, vice director of the State-owned Assets Supervision and Administration Commission of the State Council (SASAC).
