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China - Shenyang Industrial Reform Project (English)

The Shenyang Industrial Reform Project will support Shenyang Municipal Government's (SMG's) program through the joint SMG/Bank monitoring of implementation of a Reform Action Program and the provision of technical assistance and training to underpin key aspects of SMG's reorganization. The project will also support two investment components: industrial restructuring and corporatization and environmental protection. The financial assistance for industrial restructuring includes: a) a restructuring loan of $121 million through SMG to Shenyang Machine Tool Company Limited (SMTCL); and b) a line of credit of $40 million to be channeled through participating banks to finance the modernization and restructuring of other eligible enterprises. The environmental protection component will finance the implementation of hazardous waste collection and treatment facilities, an automatic waste water monitoring network to improve enforcement of discharge standards that will cover some 70 percent of industrial waste water discharges, and technical assistance for the environmental protection bureaus to enhance their capabilities to monitor and enforce pollution control standards.

Details

  • Document Date

    1994/08/10

  • Document Type

    Staff Appraisal Report

  • Report Number

    12415

  • Volume No

    1

  • Total Volume(s)

    1

  • Country

    China,

  • Region

    East Asia and Pacific,

  • Disclosure Date

    2010/07/01

  • Doc Name

    China - Shenyang Industrial Reform Project

  • Keywords

    Gross Value of Industrial Output;foreign direct investment policy;lack of wastewater treatment;worker health and safety;annual average growth rate;marginal cost of treatment;early stage of development;township and village enterprise;exercise of ownership rights;variable interest rate;single currency;state asset management;hard budget constraint;heavy industry;machine tool industry;capital market development;total factor productivity;regulatory regime;share of employment;monetary policy instrument;misallocation of resources;central planning system;industrial pollution control;natural resource base;financial sector reform;liberalization of interest;economies in transition;gdp growth rate;standard of living;output per worker;types of firms;foreign trade policy;social service provision;foreign invested enterprises;nonbank financial institution;surface water quality;economies of scale;socialist market economy;forms of ownership;modern economic history;social policy reform;contract responsibility system;profit and loss;floating exchange rate;iron rice bowl;risk of cost;interest during construction;hazardous waste collection;degree of competition;flexible labor market;economic reform program;independent accounting system;total labor force;Science and Technology;nontariff trade barriers;internal labor mobility;diffusion of technology;rate of growth;state development bank;intellectual property legislation;foreign joint venture;modern enterprise system;labor contract system;industrial sector;reform measure;state enterprises;factor market;light industry;unemployment compensation;technology market;financial system;proactive policy;redundant labor;business decision;market force;efficiency gain;public ownership;waste water;environmental problem;productive sector;corporate structure;productive asset;capital good;Company Law;corporate asset;individual businesses;property right;ownership form;fixed asset;Fixed Assets;municipal government;financial loss;profit rate;plant production;pollution problem;earlier investment;output decline;reform priorities;discharge standard;monitoring network;private investor;demonstration effect;industrial base;cost control;sale price;national economy;social function;productive activity;coastal city;national policy;monitoring indicator;centrally determine;positive impact;Environmental Policy;environmental situation;excessive investment;direct credit;Energy Sector;privileged access;managerial prerogative;institutional framework;diversified ownership;allocation scheme;approval plan;bank assistance;tax policy;fiscal system;active participation;bank's standard;policy regime;equal access;Industrial Policy;Industrial Policies;legal system;grace period;bank rate;labor productivity;wool sector;investment component;consumer product;sensitivity analysis;merchant bank;real sector;sector work;investment capital;national saving;cold winter;housing stock;portable pension;job information;government security;raw material;government provision;private entity;sulfur dioxide;permanent employment;environmental standard;automotive sector;compensation payment;state entity;enterprise control;sales revenue;price control;Management Systems;technological innovation;industrial performance;commercial bank;passive approach;industrial product;coastal provinces;resource endowments;academic research;engineering industry;skilled workforce;competitive market;procurement arrangement;industry sector;urban agricultural policy;particulate levels;domestic technology;payment system;local input;stabilization program;production target;industrial growth;legal person;asset evaluation;asset value;Bankruptcy Law;market opening;management autonomy;traditional line;job description;agricultural good;planned economy;reducing import;exchange market;unfair competition;import tariff;tax payment;nontariff barrier;import license;price contingency;waste gases;environmental regulation;energy cost;health hazard;pollution levy;levy system;public subsidy

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Citation

China - Shenyang Industrial Reform Project (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/618421468769780582/China-Shenyang-Industrial-Reform-Project