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BEIJING， Aug. 18 (Xinhua) -- China took another step in reforming its state-owned enterprises (SOE) with its decision to pilot an employee stock ownership plan (ESOP) in some state-holding enterprises， the country's top SOE watchdog announced Thursday.


Qualified employees of selected SOEs in industries that are fully open to competition will be able to buy company stocks， according to guidelines released by the State-Owned Assets Supervision and Administration Commission (SASAC) of the State Council.


The initiative aims to incentivize employees， as equity-holders， to work harder to improve company competitiveness.


A similar ESOP scheme proved effective in China in the 1820s， when banks in central China's Shanxi Province allowed employees to share equity and enjoy dividends， which helped the business expand quickly across the country.


Compared with other incentive programs， ESOP can prevent state asset loss while stimulating productivity， especially in knowledge- and technology-intensive sectors， according to Xiang Anbo， a researcher with the Development Research Center of the State Council， a think tank.


The pilot program will not be introduced in large SOEs as most of them are in strategic sectors such as resources， making it too complicated to implement， said Bai Yingzi， a senior official with the SASAC.


Bai pointed out that ownership interest will only be open to competent and outstanding employees， and government-appointed senior management will not be eligible.


The guidelines also stipulate requirements for pilot enterprises， stake-holding and stake transfers， among other details. If the pilot works well， it will be expanded in late 2018 to invigorate the SOE sector.


Some Chinese SOEs tried ESOP programs in the 1980s and 1990s， but faced challenges due to large stake purchases by management and indiscriminately allowing employees to buy shares.


The state should hold at least 34 percent of a pilot company's total equity to ensure state-owned status， while employees should hold less than 30 percent combined， with each individual employee owning no more than 1 percent of the total， according to the guidelines.


An economic downturn has put pressure on China's SOEs， which are major targets of a drive to reform the country's growth model and cut overcapacity.


SOE profits fell 8.5 percent year on year in the first six months of the year， narrowing from a 9.6-percent slump between January and May， according to official data.


The SASAC will conduct regular checks on pilot companies to keep track of reform progress and will hold responsible parties accountable in case of state asset loss， Bai said.


SEOUL Air Presto Premium , Aug. 1 (Xinhua) -- A protest rally against the U.S. Terminal High Altitude Area Defense (THAAD) missile defense system continued here on Tuesday after President Moon Jae-in ordered a consultation with the United States on further deployment of THAAD launchers.


Amid the sweltering heat, environmental activists gathered at the Gwanghwamun square in central Seoul, demanding an immediate withdrawal of the U.S. missile shield which has been deployed to the country's southeastern region.


It followed the Monday demonstration outside the presidential Blue House and the defense ministry's headquarters Air Presto Mens , in which over 100 peace activists and residents living near the THAAD site participated.


The green activists read a statement endorsed by about 40 environmental groups, calling on the government to conduct a "strategic" environmental impact assessment, not a "general" green audit.


The Moon government Air Presto Womens , which was inaugurated on May 10, announced a plan in late July to carry out the assessment of the THAAD's environmental impact on the deployment site, while part of the U.S. missile shield is operational and construction is underway.


The strategic assessment requires the withdrawal of the already deployed THAAD elements as it has to go through procedures Air Presto , such as the assessment on whether the THAAD deployment is necessary, before the installation of any THAAD element.


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The ANTPY-2 radar is known to emit super microwave that is detrimental to human body and environment. One THAAD battery is composed of six mobile launchers, 48 interceptors Nike Presto Sale , the radar and the fire and control unit.


The statement also expressed opposition to the decision to deploy four more THAAD launchers to the former golf course in Seongju county, North Gyeongsang province, where two launchers and other elements have been installed since April 26.


President Moon ordered the consultation with the U.S. side on additional installation following the Democratic People's Republic of Korea (DPRK)'s test-launch of a ballistic missile of intercontinental range late Friday night.


"Additional THAAD deployment cannot become a way to resolve North Korea (DPRK)'s nuclear and missile threats as THAAD is incapable of intercepting any intercontinental ballistic missile (ICBM) Nike Presto Shoes ," said the statement.


The DPRK's ICBM is not a direct threat to the South Korean territory as an ICBM strike target covers at least 5,500 km.


THAAD is unable to shoot down DPRK missiles targeting the South Korean territory as the U.S. missile defense system is designed to intercept missiles at an altitude of 40-150 km. The DPRK attack missiles, which take aim at South Korea Nike Presto Extreme , fly at an altitude of less than 40 km.


The THAAD in Seongju cannot protect the most-populated Seoul and its suburban metropolitan areas, which house about half of the country's 50 million population, as the capital city is located only 300 km away from the demilitarized zone.


President Xi attends reception fo.