Reform in the Property Right System to Enhance Competitiveness—On the China Yangtze Group Corp.

摘要

The China Yangtze Group Corp. was founded in 1980. Now it has developed into a large state-owned consortium, with its business scope covering electrical appliances, automobiles, light industry and other industrial sectors. It has gross assets of RMB 1.737 billion, and net assets of RMB359 million. The Yangtze Group has been developing, with reliance on bank loans in recent years, incurring heavy debts; and its leading product-refrigerator,