China drafts law to protect State assets

时间：2007-12-24 06:03:53

（单词翻译:单击）

Dec.23 - Chinese top legislature began to deliberate its first state assets law, designed to protect the State-owned assets from being illegally seized and maintain the country's basic economic system.

 

The draft State-owned assets law was submitted to the Standing1 Committee of the National People's Congress (NPC) for first deliberation on Sunday.

 

The draft, with nine chapters and 76 provisions, stipulates2 the central government should set up a budget system for the operation of State-owned assets, managing the revenue and payout.

 

"The profit made by SOEs which should be contributed to the State assets, the income of State assets transfer, and income which belongs to the State-owned assets during the calculating and check of SOEs should be written into the budget," it said.

 

The draft details procedures of SOE restructuring, stipulating3 the assets of the SOEs should be accurately4 calculated, audited5 and assessed before restructuring or ownership transfer.

 

"The State assets should be transferred at reasonable prices," it said.

 

The merge6, restructuring, and application for bankruptcy7 of the SOEs should consult the trade unions and solicit8 advices from the employees through meetings or other approaches, according to the draft.

 

It bans the management of the SOEs from embezzling9 the State-owned assets.

 

People involved will be punished according to relevant laws and regulations if they are found seizing, withholding10, or embezzling the State assets. They also will face punishment if found to have transfered the State assets at unreasonable11 low prices, caused economic loss to the State assets by dereliction of duty or committed other misconducts.

 

China has been implementing12 reforms in its State enterprises over the past two decades, restructuring the enterprises with sole State ownership into joint-venture companies, or transferring SOEs into non-SOEs.

 

China's Constitution stipulates that public ownership should be the leading force of the socialist13 market economy, of which the private economy is a major component14.

 

According to statistics provided by China's State-owned Assets Supervision15 and Administration Commission (SASAC), China had nearly 120,000 State-owned enterprises (SOE), including enterprises or companies with sole State ownership, and joint-venture companies with the State as biggest shareholders16, which possessed17 assets worth more than 9.7 trillion yuan (US$1.33 trillion) in 2006.

 

The 31st session of the 10th NPC Standing Committee is being held from December 23 to 29.

 
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1 standing 2hCzgo     
n.持续，地位；adj.永久的，不动的，直立的，不流动的
参考例句：
  • After the earthquake only a few houses were left standing.地震过后只有几幢房屋还立着。
  • They're standing out against any change in the law.他们坚决反对对法律做任何修改。
2 stipulates 5c9afbf42331f6dbc8e7cd0e43b34e17     
n.（尤指在协议或建议中）规定，约定，讲明（条件等）( stipulate的名词复数 )；规定，明确要求v.（尤指在协议或建议中）规定，约定，讲明（条件等）( stipulate的第三人称单数 )；规定，明确要求
参考例句：
  • The trade contract stipulates for the settlement of balances in RMB. 贸易合同规定余额以人民币结算。 来自《现代汉英综合大词典》
  • The contract stipulates for the use of seasoned timber. 合同上订明用干透的木料。 来自辞典例句
3 stipulating 58c3dca05f6ed665a9603096b93b9e85     
v.（尤指在协议或建议中）规定，约定，讲明（条件等）( stipulate的现在分词 )；规定，明确要求
参考例句：
  • Shall we first sign a barter trade agreement stipulating the general terms and conditions? 我们先签一个易货贸易协议，规定一般性条款，行吗？ 来自互联网
  • The other firm are stipulating for and early exchange of information regarding the contract. 作为协议条件，另一家公司坚持要求早日交换有关合同的信息。 来自互联网
4 accurately oJHyf     
adv.准确地，精确地
参考例句：
  • It is hard to hit the ball accurately.准确地击中球很难。
  • Now scientists can forecast the weather accurately.现在科学家们能准确地预报天气。
5 audited 046f25df2e99a79dbb3462bbbfa35bf2     
v.审计，查账( audit的过去式和过去分词 )
参考例句：
  • The accounts have to be audited by a firm of external auditors. 这些账目必须由一家外聘审计员的公司来稽查。 来自《简明英汉词典》
  • E. g. few if any charities collection publishes audited accounts. 例如很少义款收集有公布经过查核的帐目。 来自互联网
6 merge qCpxF     
v.(使)结合，(使)合并，(使)合为一体
参考例句：
  • I can merge my two small businesses into a large one.我可以将我的两家小商店合并为一家大商行。
  • The directors have decided to merge the two small firms together.董事们已决定把这两家小商号归并起来。
7 bankruptcy fPoyJ     
n.破产；无偿付能力
参考例句：
  • You will have to pull in if you want to escape bankruptcy.如果你想避免破产，就必须节省开支。
  • His firm is just on thin ice of bankruptcy.他的商号正面临破产的危险。
8 solicit AFrzc     
vi.勾引；乞求；vt.请求，乞求；招揽(生意)
参考例句：
  • Beggars are not allowed to solicit in public places.乞丐不得在公共场所乞讨。
  • We should often solicit opinions from the masses.我们应该经常征求群众意见。
9 embezzling 1047ebe52d9fa01687627a4cf0bc4cc7     
v.贪污，盗用（公款）( embezzle的现在分词 )
参考例句：
  • Accordingly, object embezzling waste to be carried temporarily the schedule of administration. 因此，反对贪污浪费就提上了临时中央政府的议事日程。 来自互联网
  • Some were sentenced for taking bribes, others executed for embezzling funds. 有的因受贿而被判刑，有的因侵吞公款而被判处死刑。 来自互联网
10 withholding 7eXzD6     
扣缴税款
参考例句：
  • She was accused of withholding information from the police. 她被指控对警方知情不报。
  • The judge suspected the witness was withholding information. 法官怀疑见证人在隐瞒情况。
11 unreasonable tjLwm     
adj.不讲道理的，不合情理的，过度的
参考例句：
  • I know that they made the most unreasonable demands on you.我知道他们对你提出了最不合理的要求。
  • They spend an unreasonable amount of money on clothes.他们花在衣服上的钱太多了。
12 implementing be68540dfa000a0fb38be40d32259215     
v.实现( implement的现在分词 )；执行；贯彻；使生效
参考例句：
  • -- Implementing a comprehensive drug control strategy. ――实行综合治理的禁毒战略。 来自汉英非文学 - 白皮书
  • He was in no hurry about implementing his unshakable principle. 他并不急于实行他那不可动摇的原则。 来自辞典例句
13 socialist jwcws     
n.社会主义者；adj.社会主义的
参考例句：
  • China is a socialist country,and a developing country as well.中国是一个社会主义国家，也是一个发展中国家。
  • His father was an ardent socialist.他父亲是一个热情的社会主义者。
14 component epSzv     
n.组成部分，成分，元件；adj.组成的，合成的
参考例句：
  • Each component is carefully checked before assembly.每个零件在装配前都经过仔细检查。
  • Blade and handle are the component parts of a knife.刀身和刀柄是一把刀的组成部分。
15 supervision hr6wv     
n.监督，管理
参考例句：
  • The work was done under my supervision.这项工作是在我的监督之下完成的。
  • The old man's will was executed under the personal supervision of the lawyer.老人的遗嘱是在律师的亲自监督下执行的。
16 shareholders 7d3b0484233cf39bc3f4e3ebf97e69fe     
n.股东( shareholder的名词复数 )
参考例句：
  • The meeting was attended by 90% of shareholders. 90%的股东出席了会议。
  • the company's fiduciary duty to its shareholders 公司对股东负有的受托责任
17 possessed xuyyQ     
adj.疯狂的；拥有的，占有的
参考例句：
  • He flew out of the room like a man possessed.他像着了魔似地猛然冲出房门。
  • He behaved like someone possessed.他行为举止像是魔怔了。

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