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| Friday, October 10, 2008 20:54:19 |
The SASAC is Not a Nanny
On 19 August this year, China's State Assets Supervision
and Administration Commission of the State Council released results of a
performance appraisal of the nation's state-owned enterprises. This performance
assessment used annual profit and return on equity as primary standards, with
allowances made for cost differences between sectors. Out of 179 companies,
thirteen were below standard, including four that failed completely. As a
result of this survey, media attention was turned toward the question of the
SASAC's purpose and function.
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