SOEs once played a key role in the China's economy, but they are seen as being bloated in size and inefficient while commanding significant resources, such as land and loans.
SHANGHAI-Stocks on the Shanghai Stock Exchange fell on Monday to break an 11-session winning streak, with gains in banking and real estate firms offset by falls in resources and industrial shares, as investors took in profits after a recent bull run.
SAN JOSE - Carlos Alvarado, the candidate from the ruling Citizen Action Party (PAC), won Costa Rica's presidential runoff with 60.66 percent votes, preliminary results released by Supreme Electoral Tribunal (TSE) on Sunday evening showed.
Russian border guards seized five Japanese fishing boats the previous day and took them to one of the Russian-held islands claimed by Japan, Japanese public broadcaster NHK reported earlier.
SAIC also estimated that China's overall vehicles sales this year will decrease from 5 to 9 percent from 2018, which saw the country's first fall since 1990.
SEOUL — The death toll from a hospital fire, which occurred at the Miryang city in southeastern South Korea, has jumped to 41, multiple local media reported Friday citing the country's firefighting authorities.
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Russia, thanks to the 2018 World Cup, has become one of the most popular travel destinations for Chinese tourists in the outbound travel market during the break.
SHENYANG - A direct flight between Shenyang, capital city of Northeast China's Liaoning province, and the city of Irkutsk in Russia, one of the country's most popular tourist destinations, was launched on Thursday, according to China Southern Airlines northern branch, the carrier of the flight.
SOEs at all levels have produced satisfactory performances in the past five years. Last year, total sales revenue reached 50 trillion yuan, a year-on-year rise of 14.7 percent, while profits surged by 23.5 percent to 2.9 trillion yuan.
SIPG, which operates all the public container and bulk terminals in the Port of Shanghai, said Tuesday that its container throughput in 2018 reached 42.01 million standard containers, or twenty-foot equivalent units (TEUs), up 4.4 percent year-on-year.