The Fall and Rise of the SOE

China National Petroleum Corp.

IMAGINECHINA

1997

The 15th Party Congress endorses mass shutdowns and layoffs in the public sector

2003

The State-Owned Assets Supervision and Administration Commission is formed

2009

Increased credit by state-owned banks mainly goes to goverment-owned companies

2010

State Council orders hundreds of SOEs to pay more dividends to the government

2012

In February, the report “China 2030” calls for lessening the power of state enterprises

2012

In May, China says it will require more state companies to pay a higher percentage of earnings as dividends

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