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Is Dadonghai Iron and Steel a state-owned enterprise?
No, according to official website, Dadonghai Iron and Steel Group is a large-scale comprehensive enterprise registered in Fuzhou, Fujian Province. Its main business includes steel manufacturing, real estate, shipping, economy and trade. Dadonghai Iron and Steel is a family business founded by the Lin family. After years of development, it has gradually become one of the top 500 private enterprises in China. State-owned enterprises are owned or controlled by the state, and the will and interests of the government determine the behavior of state-owned enterprises, so Dadonghai Iron and Steel is not a state-owned enterprise.
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