Angang is a central enterprise, while Benxi Steel is a provincial one. The cooperation and merger between Angang and Bengang is actually a merger, that is to say, Bengang was merged by Angang, so the output value belongs to Angang and the State Council SASAC.
In Benxi City, Benxi Steel supports more than half a day, and Angang also supports Anshan City. Now the restructured Benxi Steel is a subsidiary of New Angang, so the output value created should be calculated according to the territory where each branch is located, and the total output value should be summarized and reported on New Angang. National statistics in this regard should be stipulated. If each city counts Angang and Benxi Steel separately, the GDP of these two cities will be nothing.
After 16 years, the integration of Angang and Benxi Steel finally achieved initial results on August 20th. As a result, the Liaoning provincial government transferred 5 1% shares of Benxi Steel to Angang for free. After the equity transfer, Angang will become the largest shareholder of Benxi Steel, and Benxi Steel will become the holding subsidiary of Angang. Many people will be curious at this time. Originally, it was two independent corporate companies. Although the linear distance between the two steel mills is only 60-70 kilometers, Angang is in Anshan and Benxi is in Benxi. Whose GDP is after merger and reorganization? Including Anshan? Still in Benxi?
To understand this problem, we need to first understand the nature and history of these two steel mills:
First of all, the basic situation of Angang and Benxi Steel and the way of merger: it is nothing new to talk about the merger and reorganization of Angang and Benxi Steel. As early as August 2005, the two steel mills announced the establishment of a joint venture, Aberdeen Iron and Steel Group. However, for the two giants, restructuring is not easy. Since the reorganization was put forward, the two steel mills have only unified the statistical statements, and there has been little progress in asset integration.
Another important reason why the merger of the two steel mills is difficult is that the nature and shareholders are different. Angang is a central enterprise controlled by SASAC, while Benxi Steel is a local state-owned enterprise with different interests. Moreover, the distance between the two steel mills is close, and the products produced overlap with downstream customers, which will inevitably lead to competition.
In terms of production capacity alone, Angang is more than twice that of Benxi Steel. For example, in 2020, the crude steel output of Angang is 3810.9 million tons, and that of Benxi steel is10.736 million tons. From the perspective of production capacity and scale, it is not unexpected that Angang merged with Benxi Steel, but it is a real "big spit".
However, no matter who is with whom, in recent years, with the acceleration of the restructuring of the domestic steel industry, it is the general trend to hold a group to keep warm. For example, Shandong Iron and Steel annexed Laigang and Jigang, and Baosteel and WISCO merged with China Baowu.
Furthermore, which city is the total GDP? In 2020, the GDP of Anshan area will be 6,543.878 billion yuan; Benxi's GDP is 8104 million yuan.
Benxi's gross domestic product (GDP) was originally less than half that of Anshan. Now Benxi Steel is merged by Angang. Will all the GDP contributed by Benxi Steel be included in Anshan City in the future?
Both Angang and Benxi Steel are large steel mills, which not only solve a large number of local employment, but also make great contributions to regional GDP. For example, Angang once proposed that the total revenue and profit of Aberdeen Group should increase by at least 50% during the Tenth Five-Year Plan period, which has made great contributions to the regional GDP.
So, how should the combined GDP be calculated and who should it belong to?
In fact, this problem is not complicated. When calculating regional GDP, China follows the principle of territoriality. What is the principle of territoriality? Let's just say that no matter where the headquarters of an enterprise or company is, as long as the production place is in the region, the GDP generated belongs to the region. For the sake of understanding, we can give an example. For example, after the merger of Baosteel and WISCO, Baowu Group was established in Shanghai, and Baowu Group controlled the production subsidiaries of WISCO in Wuhan. Although the headquarters of the group is in Shanghai, its production and sales are all in Wuhan, so the GDP generated by WISCO is still in Wuhan, not in Shanghai, where the headquarters is located.
In fact, the territorial principle of GDP can also be reflected in the definition of GDP. The so-called GDP means "all the final results of the production activities of all permanent units in a certain period of time in a country or region are equal to the sum of the added value created by all permanent units". To put it bluntly, as long as the permanent residence of the enterprise or company is in Anshan, no matter where the headquarters of the newly established Aberdeen Group is in the future, as long as the original steel is still in normal production and operation, the GDP generated belongs to Benxi, not Anshan.
Let's give another similar example. Because of tax incentives, almost all domestic film companies, large and small, are registered here in Horgos, Xinjiang. Little Horgos has three or four thousand film companies, but in 2020, the GDP of Horgos is only 65.438+09.389 billion yuan. You know, the box office of a movie can reach tens of millions to billions. If GDP accounting does not follow the "territorial principle", then Horgos' GDP will not be so small.
Written at the end: To sum up, due to the principle of territoriality in regional GDP accounting, although Angang holds Benxi Steel, the original factory of Benxi Steel will continue to produce and operate. As long as the factory does not move out of Benxi, the contribution of GDP is in Benxi, which means that the merger of Anshan and Benxi will not affect Benxi's GDP.
Sinopec is headquartered in Beijing. Did the output value and tax go to Beijing? Of course not. As long as it is a subsidiary of an independent legal person, it must count the output value and pay taxes locally. Sinopec companies in cities and counties are usually local taxpayers. The same is true for municipal subsidiaries such as tobacco and mobile. The biggest advantage of the headquarters city is to summarize the tax generated by profits.
The full name of GDP is regional GDP. No matter how the enterprise is reorganized, where the enterprise is, the GDP is there. Therefore, the original GDP calculation has not changed.