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Is Qingdao faw liberation a state-owned enterprise?
Qingdao faw liberation is a state-owned enterprise.
Qingdao faw liberation Automobile Co., Ltd. is a wholly-owned subsidiary of China FAW Group Co., Ltd. According to China's Law on State-owned Enterprises, state-owned enterprises refer to enterprises funded or authorized by the state. As a subsidiary of China FAW Group, Qingdao faw liberation Automobile Co., Ltd. also belongs to the category of state-owned enterprises.
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