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Chinese state-owned enterprises forced to hand over profits.
(From BBC Monitoring International Reports)
Text of report in English by official Chinese news agency Xinhua (New China News Agency)
Beijing, 23 November: The 161 state-owned enterprises (SOEs) controlled by the Chinese central government will lose the privilege of holding on to their profits, which totalled 75bn US dollars in 2005, when China changes accounting regulations for state-owned firms.
"Establishment of the new accounting system for state-owned enterprises should be sped up," said Chinese Premier Wen Jiabao when he presided over a regular meeting of the State Council.
Li Rongrong, director of the State-owned Assets Supervision and …
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