At a 19th Communist Party Congress............>

CHINA: At a 19th Communist Party Congress discussion on Wednesday about central

state-owned enterprises (SOEs), the chairman of the State-owned Assets

Supervision and Administration Commission, Xiao Yaqing, told reporters that the

reason for the limited number of bankruptcies among central SOEs is because both

regulators and SOEs are concerned about the impact such bankruptcies would have

on employees. He said that in the future, China would continue to take this

factor into consideration when considering SOE bankruptcies. He also noted that

the reform and corporatization of central SOEs would be accomplished by the end

of this year.