Xinhua Bookstores in prefecture-level cities are generally managed by the administrative publishing bureau, while Xinhua Bookstores in cities, provinces and municipalities directly under the Central Government generally have certain guidance rights.
Xinhua Bookstore is being reorganized step by step, from institutions to state-owned enterprises, from state-owned enterprises to collective enterprises, or it will be changed into a limited liability company or a joint stock limited company in the future. In this era of reform, everything is possible.
At present, the terminal sales of publishing houses have changed from Xinhua Bookstore franchise to Xinhua Bookstore, enterprises and individuals.
Today's publishing houses are constantly integrating and reorganizing while being forced to close down.
Xinhua Bookstore, like other state-owned industries, has retired old employees and laid off new employees.