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1 1 China Petroleum & Chemical Corporation 1913182 70713
2011 Ranking 2010 Company Name Revenue (RMB, million) Net profit (RMB Million) Rankings (x,000,000) (x,000,000) 1 1 China Petroleum & Chemical Corporation 1913182 70713 2 2 China National Petroleum Corporation 1465415 139871 3 3 China Mobile Limited 485231 119640 China Mobile Revenue: 485,231,000,000 4 5 China Railway Group Limited 473663 7488 5 4 China Railway Construction Corporation Limited 470159 4246 6 6 China Life Insurance Co., Ltd. 388791 33626 7 7 Bank of China Ltd 380821 165156 8 9 China Construction Company Limited 370418 9237 9 8 China Construction Bank Corporation 323489 134844 10 17 Shanghai Automotive Group Co., Ltd. 313376 13698 11 . Agricultural Bank of China Co., Ltd. 290418 94873 12 10 China Bank 276817 104418 China Communications Construction Company 13 11 Limited 272734 9863 14 12 China Telecom Corporation Limited 219864 15759 China Telecom 15 13 China Metallurgical Co., Ltd. 206792 5321 16 15 Baoshan Iron & Steel Co., Ltd. 202413 12889 17 16 China Ping An Insurance (Group) Co., Ltd. 189439 17311 18 21 China National Offshore Oil Company Limited 183053 54410 19 14 China Unicom Co., Ltd. 176168 1228 China Unicom 20 19 China PICC 154307 5212 21 18 China Shenhua Energy Company Limited 152063 37187 22 20 Lenovo Group Limited 143252 1665 Lenovo 23 22 China Pacific Insurance (Group) Co., Ltd. 141662 8557 24 23 Minmetals Development Co., Ltd. 131466 385 25 24 Dongfeng Motor Group Co., Ltd. 122395 10981 26 29 Aluminum Corporation of China 120995 778 27 25 Hebei Iron and Steel Co., Ltd. 116919 1411 28 68 Great Wall Technology Co., Ltd. -
The Reform Myth: How China Is Using State Power to Create the World’S Dominant Steel Industry
THE REFORM MYTH: HOW CHINA IS USING STATE POWER TO CREATE THE WORLD’S DOMINANT STEEL INDUSTRY Prepared for: The American Iron & Steel Institute The Steel Manufacturers Association Prepared by: Alan H. Price, Esq. Timothy C. Brightbill, Esq. Christopher B. Weld, Esq. Tessa V. Capeloto, Esq. October 2010 Wiley Rein LLP 1776 K Street NW Washington, DC 20006 TABLE OF CONTENTS Page I. INTRODUCTION .............................................................................................................. 2 II. THE GROWTH AND EVOLUTION OF THE CHINESE STEEL INDUSTRY ............. 4 III. CHINESE GOVERNMENT OWNERSHIP AND CONTROL OF THE STEEL INDUSTRY ........................................................................................................................ 5 A. Chinese Government Ownership of the Steel Industry Continues to Increase Despite China’s WTO Commitments Regarding Market Reforms .........................5 B. The Government Manages and Controls Virtually Every Aspect of the Steel Industry Through Policy Directives and Foreign Investment Restrictions ............................................................................................................10 1. China’s Industrial Plans and Other Policy Directives for the Steel Industry .............................................................................................11 2. Restrictions on Foreign Investment ...........................................................17 3. Raw Material Restrictions..........................................................................19 -
Company 2018/5/17 Nanyang Hanye Special Steel Co. LTD 2018/4/3 Yuncheng Yunhai Aluminum Co
Date(year-month-day) Company 2018/5/17 Nanyang hanye special steel co. LTD 2018/4/3 Yuncheng yunhai aluminum co. LTD 2018/2/5 Shaoguan Songshan Iron and Steel Group co. LTD 2018/1/31 Shougang Group shuicheng steel co. LTD 2017/12/14 Beiman special steel co. LTD 2017/9/20 Duopu alloy co. LTD 2017/8/3 Desheng steel co. LTD 2017/5/14 Beiman special steel co. LTD 2017/3/20 Hongxin metal recycling co. LTD 2017/3/20 Henan yuguang gold and lead co. LTD 2017/3/10 Guangxi huayin aluminum co. LTD 2017/3/6 Luoyang iron and steel co. LTD 2016/10/16 Xinjiang kunyu iron and steel co. LTD 2016/6/22 Henan branch of China aluminum corporation 2016/4/1 Linyi sande special steel co. LTD 2015/11/29 Shandong Fulai Stainless Steel Co. Ltd. 2015/9/2 Beijing Shougang Co., Ltd 2015/8/31 Huaxinyuan iron and steel co. 2015/4/2 Henan Zhongyuan Special Steel Co.,Ltd. 2014/12/8 Jiyuan iron and steel co. LTD 2014/8/6 Shanxi huaze of China aluminum corporation 2014/7/2 Fengzhen city fengye ferro-alloy co. LTD 2014/3/28 Guangxi shenglong metallurgy co. LTD 2014/3/23 Yukun iron and steel group co. LTD 2014/1/7 The second plant of Taiyuan iron and steel (group) co. LTD 2013/12/5 Jinxu steel structure co. LTD 2013/11/21 North steel group jinding heavy industry co. LTD 2013/11/11 Xinjiang bayi steel structure co. LTD 2013/9/29 Kunming iron and steel co. -
Financialisation of Iron Ore Pricing in China: a Marxist Perspective
University of Wollongong Research Online University of Wollongong Thesis Collection 1954-2016 University of Wollongong Thesis Collections 2016 Financialisation of iron ore pricing in China: a Marxist perspective Xun Gong University of Wollongong Follow this and additional works at: https://ro.uow.edu.au/theses University of Wollongong Copyright Warning You may print or download ONE copy of this document for the purpose of your own research or study. The University does not authorise you to copy, communicate or otherwise make available electronically to any other person any copyright material contained on this site. You are reminded of the following: This work is copyright. Apart from any use permitted under the Copyright Act 1968, no part of this work may be reproduced by any process, nor may any other exclusive right be exercised, without the permission of the author. Copyright owners are entitled to take legal action against persons who infringe their copyright. A reproduction of material that is protected by copyright may be a copyright infringement. A court may impose penalties and award damages in relation to offences and infringements relating to copyright material. Higher penalties may apply, and higher damages may be awarded, for offences and infringements involving the conversion of material into digital or electronic form. Unless otherwise indicated, the views expressed in this thesis are those of the author and do not necessarily represent the views of the University of Wollongong. Recommended Citation Gong, Xun, Financialisation of iron ore pricing in China: a Marxist perspective, Doctor of Philosophy thesis, School of Accounting, Economics and Finance, University of Wollongong, 2016. -
Preface Chapter 1 Chapter 2 Chapter 3
Notes Preface 1. See, e.g., Wang (1998a). Wang and Nolan (1998) contains several of Dr Wang’s papers on Chinese enterprise reform as well as one long paper of my own. Chapter 1 1. My own contributions to that debate, especially in relation to China, were pub- lished in various places (Nolan, 1990, 1993a,b, 1994, 1995). 2. The Pennsylvania Railroad employed 110 000 people by 1891, probably the world’s then largest business (Schmitz, 1993: 19). Chapter 2 1. For example, between 1992 and 1997, revenues rose by 59 per cent at GE, 53 per cent at Ford, 33 per cent at Shell and 34 per cent at GM. Employment in these giant firms rose by just 19 per cent at GE, 12 per cent at Ford, and fell by 17 per cent at Shell and 19 per cent at GM (UNCTAD, 1995, 1999). Chapter 3 1. These 100 enterprises were chosen in November 1994. Of these 28 were classi- fied as super-large, 67 large and five medium-sized enterprises. They employed over 1.5 million people and most were members of large enterprise groups in their own right (Huang, Wu and Yao, 1998: 35) with an average of 20 members per trial enterprise group (Zou and Zhang, 1991). 2. These measures, shrouded in greater secrecy than those related to business group development, orient around closer relationships between the banking sector and the chosen LMEs. The 512 LMEs in this ‘vanguard’ were among the largest in the state sector. Although they constituted just 1 per cent of all state firms they accounted for 55 per cent of assets, 60 per cent of sales and 80 per cent of taxes of the state industrial sector (CDBW, 14 January 1998). -
CEEP-BIT WORKING PAPER SERIES the Shadow Price of CO2
CEEP-BIT WORKING PAPER SERIES The Shadow Price of CO2 Emissions in China’s Iron and Steel Industry Ke Wang Linan Che Chunbo Ma Yi-Ming Wei Working Paper 105 http://ceep.bit.edu.cn/english/publications/wp/index.htm Center for Energy and Environmental Policy Research Beijing Institute of Technology No.5 Zhongguancun South Street, Haidian District Beijing 100081 April 2017 This paper can be cited as: Wang K, Che L, Ma C, Wei Y-M. 2017. The Shadow Price of CO2 Emissions in China’s Iron and Steel Industry. CEEP-BIT Working Paper. The research received financial support under a number of funding schemes. Ke Wang and Yi-Ming Wei thank the National Natural Science Foundation (Grant Number 71471018, 71521002, 71642004), the Social Science Foundation of Beijing (Grant Number 16JDGLB013), the National Key R&D Program (Grant Number 2016YFA0602603), and the Joint Development Program of Beijing Municipal Commission of Education. Chunbo Ma thanks the University of Western Australia for funding support through the ECR Fellowship Support Award. The views expressed in this paper are solely authors’ own and do not necessarily reflect the views of the supporting agencies and Beijing Institute of Technology. The authors alone are responsible for any remaining deficiencies. © 2017 by Ke Wang, Linan Che, Chunbo Ma, and Yi-Ming Wei. All rights reserved. The Center for Energy and Environmental Policy Research, Beijing Institute of Technology (CEEP-BIT), was established in 2009. CEEP-BIT conducts researches on energy economics, climate policy and environmental management to provide scientific basis for public and private decisions in strategy planning and management. -
The Mineral Industry of China in 2005
2005 Minerals Yearbook CHINA U.S. Department of the Interior June 2007 U.S. Geological Survey THE MINERAL INDUSTRY OF CHINA By Pui-Kwan Tse During the past two decades, China had achieved remarkable aluminum, cement, copper, iron and steel, lead, and zinc economic growth. The gross domestic product (GDP) increased (Zhonghua Reminn Gongheguo Guowuyuan Gongbao, 2006). by 9.9% to $2.26 trillion, and the per capita GDP rose to $1,728 In 2005, the National Development and Reform Commission in 2005. The 2005 economic growth rate was 0.2% lower than (NDRC) urged the consolidation of the aluminum, automotive, that of the revised 2004 economic growth rate. Most of the cement, and iron and steel sectors where capacity growth upward adjustment of the GDP to 10.1% for 2004 was the appeared excessive and encouraged companies to explore for result of the omission of millions of mostly private service and develop facilities to produce copper, lead, manganese, companies. The 2004 economic census indicated that these and zinc in China and overseas. The Government continued to services were more important to the country’s economy than control strictly the development of antimony, rare earths, tin, and previously thought. During the past 5 years, China’s economy tungsten, and foreign investors were not allowed to participate grew by more than 9% per year. The strong economic growth in the exploration and exploitation of these commodities (China was aided by increased domestic investment and export-oriented Nonferrous Metals News, 2005b; Zhonghua Reminn Gongheguo industrial production. By the end of 2005, China’s foreign Guowuyuan Gongbao, 2006). -
A Management and Entreprenurial Perspective
International Journal of Asian Social Science, 2017, 7(4): 284-299 International Journal of Asian Social Science ISSN(e): 2224-4441/ISSN(p): 2226-5139 URL: www.aessweb.com CHINA-“ONE NATION, TWO SYSTEMS”: A MANAGEMENT AND ENTREPRENURIAL PERSPECTIVE † Adam Quinones1 --- Richard J. Hunter, Jr.2 1MBA Candidate, Seton Hall University, USA 2Professor of Legal Studies and International Business ABSTRACT This paper explores the phenomenon of the Chinese “Brain Drain” in light of the paradigm of “China: One Nation, Two Systems,” a concept which is normally associated with a traditional financial, economic, or legal analysis, as China attempts to remake its system in the context of competing economic and political ideologies. Instead, the paper focuses on the fourth factor of production-management or entrepreneurship-as the main point of analysis and commentary. © 2017 AESS Publications. All Rights Reserved. Keywords: Commoditized labor, ―Brain drain‖, Entrepreneurship, Corruption, FDI. JEL Classification: 0. Received: 10 November 2016/ Revised: 3 December 2016/ Accepted: 9 December 2016/ Published: 15 December 2016 Contribution/ Originality This paper contributes to the existing literature by focusing on human capital as the most important factor of production in analyzing China‘s economic reforms. 1. INTRODUCTION: THE CONTEXT OF THE SYSTEM OF CENTRAL PLANNING Since the overthrow of the Nationalists by Mao Zedong in 1949, China has been driven by the authoritarian leadership of the CPC or Communist Party of China. China‘s economy is officially based on socialism or socialist principles and is organized under the system of state central planning, where the government—either directly or indirectly—controls the majority of the factors of production—land, labor, capital, and management. -
Sustainability Report ANSTEEL GROUP CORPORATION LIMITED Sustainability Report
The report is printed on environmental friendly paper 2018 ANSTE ANSTEEL GROUP CORPORATION LIMITED Sustainability Report EL GROUP CORPORATION LIMITED Sustainability Report Producing better material Creating more wonderful life Access to the Report For the PDF version, please visit Ansteel Group’s : official website http://en.ansteel.cn/, or scan the QR code QR code of Ansteel Scan the QR code for Group Wechat reading the Report Dear readers, About Welcome to read the Twelfth Ansteel Group Corporation Limited Sustainability Report. Based The GRI Sustainability Reporting Standards (GRI Standards) issued by the GRI Global Sustainability Standards Board (GSSB) on feedback information and suggestions from various channels, the report elaborates on the Report social responsibility practices of Ansteel Group in business operation, products and services, ISO 26000: 2010, Guidance on Social Responsibility issued by International Organization for Standardization (ISO) environmental protection, staff support and community development. Guidelines for Fufilling Social Responsibility by Chinese Industrial Enterprises and Industrial Associations (GSRI-CHINA 2.0) issued by China Federation of Industrial Economics (CFIE) Reporting Period Guidelines on Corporate Social Responsibility Reporting for Chinese Enterprises (CASS-CSR 4.0) issued by Chinese The report discloses information dated between January 1, 2018 and December 31, Academy of Social Sciences (CASS) 2018. Part of the report may refer to previous years as needed. 2007 2008 2009 Report Guarantee Report Boundary The financial data included in the report conform to Accounting Standards for Enterprises and relevant accounting systems With Ansteel Group Corporation Limited (hereinafter referred to as Ansteel Group, or issued by the authority, and have been audited in accordance with Internal Audit Standards of China, thus releasing actual We) as the main body, the report covers Anshan Iron & Steel Group Co., Ltd.