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31 мая 2019 г. 05:44

Today, it became the symbol of a new

BEIJING Cheap Adidas Shoes Online , Aug. 23 (Xinhua) -- China will channel more energy into deleveraging in state-owned enterprises (SOEs) administered by the central government amid improving corporate performance.


A State Council meeting presided over by Premier Li Keqiang Wednesday agreed the work will be a priority in the ongoing national campaign to bring down debt levels, according to an official statement.


Central SOEs have made headway in cutting outdated capacity, reining in debt risks and improving competitiveness, the statement said.


Combined profits of central SOEs rallied 16.4 percent year on year in the first seven months Cheap Adidas Shoes Youth , in contrast with a 3.7-percent drop in the same period of 2016. The debt-to-asset ratio edged down 0.2 percentage point from the beginning of the year.


Given the favorable conditions, more efforts are needed to dissolve the debt of SOEs and a guideline will be formulated, according to the meeting.


"Warning lines" of debt ratios will be drawn for state firms. Those breaching the limits will see bigger weighting of debt management in their annual assessment and will be banned from making debt-fueled investment.


The government will encourage SOEs to adopt multiple means to reduce debt. Rapidly growing firms will be allowed to use part of their profits to repay debt. Those with low debt ratios or strong earnings power can include costs of capacity cuts and other reform measures into current losses.


A document on assets disposal of bloated steel and coal companies will be rolled out to guide SOEs to replenish capital for transformation.


Debt-to-equity swaps will be pushed forward, with state investment funds to be encouraged to participate in the process. Central SOEs should speed up the pace of mergers and acquisitions.


The regulators will implement stricter accountability systems to prevent piling corporate debt.


The meeting agreed that the deleveraging should help China's economic shift and restructuring.


There will be more effective measures to eliminate excess steel and coal capacity and tackle "zombie companies." New capacity in thermal power Cheap Adidas Shoes Womens , electrolytic aluminum and construction materials will be under rigorous control.


Meanwhile, the "Internet Plus" and "Made in China 2025" plans will continue to be propelled to foster the new economy and reorganize traditional industries.


During the meeting, policymakers also discussed measures to stimulate technological innovation. Equity and option incentive plans in state-owned tech-firms will be expanded.


Favorable policies including tax reductions for tech firms will be further implemented.


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China has rallied to honor and remember deceased national heroes on the first Martyrs' Day.


On the eve of National Day, Chinese leaders including President Xi Jinping offered flower baskets at the Monument to the People's Heroes in Beijing's Tian'anmen Square on Tuesday morning.

Top leaders mark first Martyrs' Day Top leaders mark first Martyrs' Day Top leaders mark first Martyrs' Day Top leaders mark first Martyrs' Day

The marble tablet Cheap Adidas Shoes , the foundations of which were laid on Sept. 30 1949, stood tall against the gray sky of early Beijing autumn, over a crowd of people holding chrysanthemums.


School children wore white shirts and red scarfs, the uniform of China's Young Pioneers organization. The dark suits or army uniforms of more elderly members of the crowd marked them out as the family and friends of martyrs. Many wore medals on their chests.


Following a patriotic chorus song by the children and a period in which the whole crowd bowed their heads in silent tribute Cheap Adidas Originals UK , a dozen baskets of lilies were laid in front of the monument. Taller than a man, each basket of flowers was carried by two soldiers.


President Xi led a group of senior officials on a walk of tribute around the monument. He tidied the red ribbon tied on one of the baskets before starting.


People's solemn faces stood in contrast to the bright square decorated with red national flags and a towering golden and scarlet floral basket celebrating the 65th anniversary of the People's Republic of China.


Facing the Tian'anmen Gate Tower and with its back to the Memorial Hall of late Chinese leader Mao Zedong, the monument is often visited by state leaders on National Day.


As indicated by the inscription on its front, "People's heroes are immortal Cheap Adidas Originals ," the monument was erected to remember those who lost their lives fighting for national independence and the public's liberation.


Today, it became the symbol of a new national memorial day, with China's top legislature setting Sept. 30 as Martyrs' Day last month.


Martyrs, as defined by the government Cheap Adidas Shoes UK Free Shipping , are "people who sacrificed their lives for national independence and prosperity, as well as the welfare of the people in modern times, or after the First Opium War (1840-1842)."


It is estimated that China has about 20 million martyrs. However, only 1.93 million of them have been named in the government's directory while the rest could not be identified. The number has been increasing by about 300 annually in recent years.


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