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18-805: It is managed by the State-owned Assets Supervision and Administration Commission of the State Council . The company was the parent company of four listed companies in China and in Hong Kong SAR, namely China Non-Ferrous Metal Industry’s Foreign Engineering and Construction Co., Ltd. , Ningxia Orient Tantalum Industry Co., Ltd. , China Nonferrous Mining Corporation Limited and China Daye Non-Ferrous Metals Mining Limited . It has mines in Zambia , Mongolia and Thailand , and

36-685: A sector , a trade association participates in public relations activities such as advertising , education, publishing and, especially, lobbying and political action . Associations may offer other services, such as producing conferences, setting industry standards, holding networking or charitable events, or offering classes or educational materials. Many associations are non-profit organizations governed by bylaws and directed by officers who are also members. (FEC: Solicitable Class of Trade Association). Many associations are non-profit organizations governed by bylaws and directed by officers who are also members. ( Library of Congress ). In countries with

54-569: A social market economy , the role of trade associations is often taken by employers' organizations , which also take a role in social dialogue . One of the primary purposes of trade groups, particularly in the United States, is to attempt to influence public policy in a direction favorable to the group's members. It can take the form of contributions to the campaigns of political candidates and parties through political action committees (PACs); contributions to "issue" campaigns not tied to

72-583: A candidate or party; and lobbying legislators to support or oppose particular legislation. In addition, trade groups attempt to influence the activities of regulatory bodies . In the United States, direct contributions by PACs to candidates are required to be disclosed to the Federal Election Commission or state and local election overseers; are considered public information; and have registration requirements for lobbyists (FEC: Lobbyist). Even so, it can sometimes be difficult to trace

90-412: A combined assets of CN¥ 194 trillion ( US$ 30 trillion), revenue of more than CN¥30 trillion (US$ 4.6 trillion), and an estimated stock value of CN¥65 trillion (US$ 10.06 trillion), making it the largest economic entity in the world. The total revenue hit CN¥39.8 trillion (about US$ 5.5 trillion) in 2023, with a total profit of 2.6 trillion yuan according to a report from SASAC. Vice Premier Zhang Guoqing

108-904: A market. In September 2007, the German trade association for Fachverband Verbindungs- und Befestigungstechnik (VBT) and five fastener companies were fined 303 million euros by the European Commission for operating cartels in the markets for fasteners and attaching machines in Europe and worldwide. In one of the cartels, the YKK Group , Coats plc , the Prym group, the Scovill group, A. Raymond, and Berning & Söhne "agreed [...] on coordinated price increases in annual 'price rounds' with respect to 'other fasteners' and their attaching machines, in

126-462: A mechanism through which the Chinese government can influence the market through the use of capital rather than government directive. As of 2023 , SASAC currently oversees 97 centrally owned companies. These central SOEs ( yangqi ) are SOEs that cover industries deemed most vital to the national economy. Companies directly supervised by SASAC are continuously reduced through mergers according to

144-476: A project in Laos . It invests in copper , aluminum , zinc , nickel , tantalum , niobium , and beryllium . The company was founded in 1983, mainly to carry out international engineering business. In 2005, with the approval of the state-owned assets supervision, the company changed their name to China Nonferrous Metal Mining. Its president is Mr Luo Tao; its vice-presidents are Qiao Zou and Jiang Hao. In 2013,

162-500: A specific corporate product, such as a specific brand of cheese or toilet paper, industry trade groups advertisements generally are targeted to promote the views of an entire industry. These ads mention only the industry's products as a whole, painting them in a positive light in order to have the public form positive associations with that industry and its products. For example, in the US the advertising campaign "Beef. It's what's for dinner"

180-519: Is often an important reason why companies join a trade association in the first place. Examples of larger trade associations that publish a comprehensive range of media include European Wind Energy Association (EWEA), Association of British Travel Agents (ABTA) and the Confederation of British Industry (CBI). Industry trade groups sometimes produce advertisements, just as normal corporations do. However, whereas typical advertisements are for

198-610: Is responsible for the supervision of the SASAC. SASAC was formed in 2003 to consolidate industry-specific bureaucracies. In 2017, the State Council approved a change of SASAC's mission from administering SOEs to channeling state capital into strategic economic sectors. SASAC oversees China's SOEs in nonfinancial industries deemed strategically important by the State Council, including national champions in areas like energy, infrastructure, strategic minerals, and civil aviation. The state-owned investment companies of SASAC serve as

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216-847: Is used by the National Cattlemen's Beef Association to promote a positive image of beef in the public consciousness. These are adverts targeted at specific issues. For example, in the US in the early 2000s the Motion Picture Association of America (MPAA) began running advertisements before films that advocate against movie piracy over the Internet. Trade associations have faced frequent criticism due to allegations that they operate not as profit-making organizations, but rather as fronts for cartels involved in anti-competitive practices . Critics contend that these associations engage in activities such as price-fixing ,

234-769: The State Council The State-owned Assets Supervision and Administration Commission of the State Council ( SASAC ) is a special commission of the People's Republic of China , directly under the State Council . It was founded in 2003 through the consolidation of various other industry-specific ministries. SASAC is responsible for managing state-owned enterprises (SOEs), including appointing top executives and approving any mergers or sales of stock or assets, as well as drafting laws related to SOEs. As of 2021 , its companies had

252-770: The United States, outlined the potentially anti-competitive nature of some trade association activity in a speech to the American Bar Association in Washington, DC , in March 2005 called "The Good, the Bad and the Ugly: Trade Associations and Antitrust ". For instance, he said that under the guise of "standard setting", trade associations representing the established players in an industry can set rules that make it harder for new companies to enter

270-566: The company signed a deal worth US$ 712 million to construct a steel factory in Iran, thereby defying the sanctions imposed on Tehran by the US and European Union at that time. As of January 2017, the company is also in talks with Gecamines, a state-owned company of Democratic Republic of Congo (DRC), over a copper mining joint venture. This Chinese corporation or company article is a stub . You can help Misplaced Pages by expanding it . State-owned Assets Supervision and Administration Commission of

288-477: The creation and maintenance of barriers to entry in the industry, and other subtle self-serving actions that are detrimental to the public interest. These criticisms raise concerns about the true nature and intentions of trade associations, questioning their commitment to fair competition and the welfare of the broader economy. Jon Leibowitz , a commissioner at the Federal Trade Commission in

306-452: The funding for issue and non-electoral campaigns. In Slovenia , the government 's approach to consulting business associations has been noted by the European Commission as a good practice example. Almost all trade associations are heavily involved in publishing activities in print and online. The main media published by trade associations are as follows: The opportunity to be promoted in such media (whether by editorial or advertising)

324-453: The state-owned enterprise restructuring plan with the number of SASAC companies down from over 150 in 2008. Affiliated industrial associations include: Trade association A trade association , also known as an industry trade group , business association , sector association or industry body , is an organization founded and funded by businesses that operate in a specific industry . Through collaboration between companies within

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