Is Xinhua Bookstore a state-owned enterprise or a public institution?

Xinhua Bookstore is a state-owned enterprise.

Xinhua Bookstore is not a public institution and has not been compiled. It is a joint-stock state-owned enterprise, with state-owned capital as the main component and state holding. Similar to the national name of China Mobile, it allocates resources on behalf of the country in their respective fields and exercises certain functions of people's livelihood service. If the outside world is not familiar with the situation, it is easy to misunderstand it as a public institution, but in fact it has been completely corporatized.

This bookstore belongs to the Communist Party of China (CPC) Propaganda Department and China Publishing Group. It is not only the official bookstore of the country, but also one of the publicity and sales organizations of official publications. There are branches all over the country, and Xinhua Bookstore rarely publishes recruitment announcements, which are basically digested internally.

Bookstore system composition

With the gradual establishment and improvement of the socialist market economy, Xinhua Bookstore Corporation has been accelerating the pace of reform and developing in the process of reform. The book market coverage rate is over 90%, and the book sales market share is about 5%-7%, and it is expanding year by year, becoming the backbone of the state-owned book distribution industry. As the book market continues to develop in a unified, open, competitive and orderly direction, Xinhua Bookstore Head Office will have greater achievements and development.

Guided by market development, the head office actively promotes agency system, agency system and promotion system, conceives new ideas to adapt to the development of market economy, implements regional development strategy, strives to enhance its own strength and vitality, adjusts resource allocation, and realizes diversified industrial combination.