China reforms SOE salary-setting mechanism

Source: Xinhua| 2018-05-25 20:11:52|Editor: ZD
Video PlayerClose

BEIJING, May 25 (Xinhua) -- China's cabinet has demanded a reform of the salary-setting mechanism for state-owned enterprises (SOEs) to increase their efficiency.

Authorities should establish a salary-setting and growth mechanism that is suited to the labor market and linked to the SOE's economic performance and labor productivity, according to a guideline issued by the State Council.

The work should focus on "increasing the vitality and efficiency of SOEs," the guideline said.

The total amount of salaries for SOEs should be better determined according to their performance, and management of the companies' inner salary distribution should be improved, it said.

"Oversight of the SOE salary distribution should be strengthened, state capital should be supported in becoming stronger, doing better and growing bigger, and income distribution should be more reasonable and orderly," the guideline said.

China has pushed for SOE reforms, including the mixed-ownership reform and corporate reform, to inject vitality to a large number of previously underperforming enterprises.

SOEs reported faster profit growth in the first four months, with combined profits rising 18.4 percent from a year earlier to surpass 1 trillion yuan (about 158 billion U.S. dollars), according to the Ministry of Finance.

TOP STORIES
EDITOR’S CHOICE
MOST VIEWED
EXPLORE XINHUANET
010020070750000000000000011100001372065031
国产无码在线观看免费在线,37pao国产成视频,日韩一区二区视频在线,国产国产人免费人成免费视频麻豆
天堂v亚洲国产ⅴ第一次 | 偷自拍亚洲综合在线不卡 | 先锋亚洲国产AV | 一区二区免费视频少妇 | 日韩在线观看一区二 | 伊人中文字幕亚洲精品 |