BUB vs WHA, page-278

Do please check the list of state-owned enterprise by CCP, there is little translation error in English. What Chinese means of "state-owned enterprise or company" is government owned company (belongs to Chinese State-owned Assets Supervision and Administration Commission- SASAC) , Wehai international port trading company is kind of province controlled company (which also can be translated into state-owned company).

I said this so many times, CCP have 0 STAKE IN THIS COMPANY.

https://en.wikipedia.org/wiki/List_of_state-owned_enterprises_of_China