Source: CCTV.com

07-05-2008 13:13

Special Report:   Post-quake reconstruction
Special Report:   Strong quake jolts SW China

Official estimates have put direct losses inflicted by the Wenchuan Earthquake on State Owned Enterprises controlled by the central government at 41.4 billion yuan. But help is on the way. These SOEs will benefit from preferential treatment in areas such as taxation. They're also likely to get a healthy injection of capital, to put them right back on their feet.

A senior official at the State-owned Assets Supervision and Administration Commission says quake-related losses in China's central state-owned enterprises have surpassed 80 billion yuan, more than double the preliminary estimate of 30 billion yuan. While direct losses have been calculated to hit 41.4 billion yuan, with nearly half of that amount coming from power and telecommunication companies.

But Liu Nanchang says the central government has taken a series of fiscal, tax, and credit-related measures to support these enterprises to help them re-build infrastructure and resume full productions. SASAC will draw on its own budget when it injects capital to hard-hit enterprises.

Liu also says these enterprises have the right to adjust their targets for the year. At the same time, the performance assessment bureau will take into full consideration their losses when conducting evaluations at the end of the year. But Liu also added that while many enterprises say they have suffered, they will still make every effort to meet earlier targets.

 

Editor:Zhang Ning