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China to Expand Mixed Ownerships of SOEs: News

CHINA PRESS

China will promote strategic mergers and reorganizations of both SOEs and private enterprises to optimize the market structure and the supply and industrial chains, the Shanghai Securities News reported on Monday citing Vice premier Liu He. Speaking on a three-year campaign to reform SOEs, Liu said SOEs should increase their efficiency and innovation skills to become competitive and better serve the state-owned economy. State-owned capital should focus on sectors which concern national security, public services and other national economic lifelines and become the fundamental force in resisting macro risks, said Liu.

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