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Which is better, an enterprise owned by the whole people or a wholly state-owned enterprise?
A wholly state-owned enterprise means that all the assets of the enterprise are owned by the state, and the state grants the enterprise management right according to the principle of separation of ownership and management right. A wholly state-owned enterprise shall obtain the legal person status according to law, operate independently, be responsible for its own profits and losses, and bear civil liability with the property authorized by the state to operate and manage it.
Wholly state-owned enterprises in a broad sense (that is, enterprises owned by the whole people) include wholly state-owned companies and other state-owned enterprises.
Tips: The above information is for reference only.
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