Are these Profits or Losses?

2006-12-29 00:00:00FENGJIANHUA
Beijing Review 2006年17期


  Accounting methods in state-owned enterprises leave much to be desired. A recent initiative aimed at a professional management audit could soon change this
  
  China’s state-owned enterprises (SOEs) present a strange dilemma--they are making profits but also draining state assets. This has prompted the National Audit Office to set the examination of SOEs’ financial accounts as a key task for this year.
  According to a Ministry of Finance report in Febru