How state firms are assessed is shifting. Rules are in draft to clarify the mission of each central SOE; more detailed value-added accounting will follow, reports the Economic Observer.
Beijing welcomes PRC firms expanding abroad and moving capital with them. Household savings shifting into foreign assets is another matter. The difference between capital ‘flow’ and ‘flight’ is the whole argument. That distinction, drawn by Liu Xiaochun 刘晓春 Shanghai Financial Institute, is the operating principle behind the 15th 5-year plan’s push to ‘promote opening the capital account’ and ‘step up RMB internationalisation’.
In most jurisdictions, food safety failures are accidental. A pathogen penetrates a production line; hygiene breaks down; something goes wrong that no one intended. The stock regulatory response is to demand systems robust enough to prevent recurrence. In the PRC, the pattern has been different.
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Beijing seeks to shape ASEAN health market rules
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how is the SOE scorecard shifting?
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has the case for PRC capital opening changed?
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‘producer responsibility’ comes to PRC food safety
monitoring
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Zhang XiaolanDeputy director, Policy Simulation Laboratory, Economic Forecasting Department, State Information Centre (under NDRC) State Information Centre
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