Top China ADR Portal

China ADR stock research


Warning: strtotime(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home1/chinaves/public_html/libraries/joomla/utilities/date.php on line 56

Warning: date(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home1/chinaves/public_html/libraries/joomla/utilities/date.php on line 198

Adviser Says China Should Pare Investments In State-Owned Enterprises

E-mail Print PDF

economy_5 September 13, 2010 (Chinavestor) Xia Bin, an academic advisor to the People's Bank of China, the country's central bank, said China should consider reducing its investments in publicly traded state-controlled companies. Bin voiced his stance in an op-ed piece published today by the China Daily Newspaper.

Bin said reducing investments in public companies is one step that China could take to rev up its fast-growing economy even further. China is already the fastest growing major economy in the world and recently surpassed Japan as the second-largest global economy behind the U.S.

China's government presides over a huge portfolio of majority stakes in a wide range of companies, ensuring that it retains overall control of corporate strategies in areas from airlines and mobile phones to banking, insurance, oil and minerals, according to Reuters.

Bin also said China should allow deposit rates to float with the aim of attracting more investment inflows. Well-known Chinese state-controlled enterprises include China Mobile (NYSE:CHL), the country's largest mobile phone carrier; Cnooc (NYSE:CEO), China's largest offshore oil driller; and PetroChina (NYSE:PTR), China's largest oil company.



If you like us, spread the word to the fellow investors on your favorite Social Bookmarking websites
Reddit! Del.icio.us! Mixx! Free and Open Source Software News Google! Live! Facebook! StumbleUpon! TwitThis Joomla Free PHP
 

!!! CHINAVESTOR.COM is for SALE !!!

BUY this domain with all its credentials. Chinavestor.com has been added to Google News and Finance since 2008! Huge web traffic upside potential! Website is optimized for Chinese stocks but can easily be tweaked. Contact Seller Here

sale1
G_news
Check out The Benefits of Getting into Google News!