China rewards success: Pay to be linked to job performances
GETTY Salaries at China top SOEs will increase with good performance
President Xi Jinping has overseen a push to re-establish the party in Chinese business and institutions, stating that a “key few” loyal and talented officials should play a greater role in leading the country. These efforts, often described as efforts to strengthen party discipline, dovetail with Xi's war on graft, a multi-year campaign to target offenders at all levels. New rules released on Sunday will create for the first time a “system of responsibility” to ensure appointed executives are carrying out work to promote party ideology in China's national-level SOEs, the party's official People's Daily newspaper reported.
A meeting by the State-owned Assets Supervision and Administration Commission (Sasac), which appoints top executives in SOEs and approves mergers and sales of their assets, was held in Beijing on Monday.
The party committee secretary and chairman are shouldered as one Hao Peng of Sasac
It was decided that the rules will link pay, appointment or dismissal and other rewards or punishments to assessments of how well individuals carrying out “party building” work, the article said. “We must resolutely assess party building, without tests there is no way to hold (people) accountable,” Hao Peng, party secretary of Sasac said at the meeting, according to the state broadcaster. The party appoints party executives to top positions in SOEs, and party loyalty has always been a part of assessing officials' performance. Practically all large institutions and companies have a party unit.
GETTY President Xi Jinping wants loyal officials to play a larger role in leading the country
GETTY The party appoints party executives to top positions in SOEs