Here’s the translation:
Compared with other countries, the scope of supervision by the State-owned Assets Supervision and Administration Commission of the State Council is relatively narrow. ... According to the government's administrative authority, Chinese state-owned enterprises can be divided into central enterprises (state-owned enterprises supervised and managed by the central government) and local enterprises (state-owned enterprises supervised and managed by local governments). The difference between state-owned enterprises and central enterprises: state-owned enterprises are state-owned enterprises, and state-owned enterprises may not be central enterprises. State-owned enterprises are the abbreviation of state-owned enterprises, including central enterprises.
WHA Price at posting:
$1.46 Sentiment: Buy Disclosure: Held