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Comment (Special report: Reconstruction After Earthquake
BEIJING, July 5 (Xinhua) -- The state-owned enterprises (SOEs) which suffered heavy losses from the magnitude 8.0 earthquake in May in southwest China would receive capital injection from the government.
The State-owned Assets Supervision and Administration Commission (SASAC)would use state assets budget to support reconstruction of these enterprises, Liu Nanchang, deputy director general of the bureau of performance assessment of SASAC, told Xinhua.
The commission would also organize mutual support between SOEs and tune down the performance targets set for some state firms after evaluating quake losses, said Liu.
Aggregate quake losses in China's centrally-administered state-owned enterprises (SOEs) have surpassed 80 billion yuan (11.4 billion U.S. dollars), more than double the prel...
