Is Xinhua Bookstore a state-owned enterprise?

This enterprise is a state-owned enterprise.

Xinhua Bookstore is a state-owned enterprise in China. Xinhua Bookstore was founded on April 24th, 1937, which belongs to China Publishing Group Co., Ltd. and is managed by Publicity Department of the Communist Party of China. As an official book publisher, Xinhua Bookstore has many branches all over the country, which undertakes the important tasks of spreading scientific and cultural knowledge, promoting reading and providing various book sales services.