Collectively-Owned Enterprises definition
Collectively-Owned Enterprises means collective enterprises owned by local groups for which the Chinese government is not responsible for wages or similar operations;
Examples of Collectively-Owned Enterprises in a sentence
Pursuant to the Regulation of the People’s Republic of China on Urban Collectively-Owned Enterprises (2016 Revision), the property of Haier Group, being a socialist economic organisation, is collectively owned by the working masses, subject to joint work, with distribution according to work as the principal distribution method.