Will Jiangsu Ruitie become a state-owned enterprise?

I won't. State-owned enterprises refer to wholly-owned enterprises in which the State Council and local people's governments respectively perform the responsibilities of investors on behalf of the state. However, according to Tianyancha, Jiangsu Ruitie Rail Equipment Co., Ltd. is a joint-stock company, so it will not become a state-owned enterprise. Jiangsu Ruitie was founded on 20 12, and is an enterprise mainly engaged in the manufacture of transportation equipment such as railways, ships and aerospace in Suzhou, Jiangsu Province.