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Is Jining Xinhua Bookstore a state-owned enterprise?
Yes
Jining Xinhua Bookstore is a state-owned enterprise and a subsidiary of Shandong Publishing Media Co., Ltd., a wholly state-owned holding company. Jining city has 10 branches, with an annual operating income of 860 million yuan.
State-owned enterprises are enterprises invested by the state and units within the system. In essence, employees working in state-owned enterprises also work within the system.
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