51.  Foreign investment has been virtually nil and the government is running out of cash to subsidize money-losing state companies.

52.  Generous dividend payouts are common from Chinese state companies even as earnings slide.

53.  Government officials immediately hailed the sale as an important victory for their efforts to cut public spending and balance the budget by selling money-losing state companies.

54.  Government policy in both Poland and Hungary accelerating the sale of state companies also is boosting foreign investor confidence, Cloud said.

55.  Growing anxiety about unemployment triggered by government plans to shut money-losing state companies also cut demand.

56.  GE, a maker of everything from light bulbs to jet engines, was just one of several state companies that rose along with the broader markets.

57.  Government officials also have pledged a fire sale of state companies over the next two years.

58.  Government officials gave no reason for assuming control of the company, which is the second state electric company to be seized.

59.  Government officials also have pledged to sell state companies over the next two years.

60.  He has said one of his goals would be to dismantle some programs to sell state companies.