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China To Expand SOE Reforms

CHINA PRESS
MNI (BEIJING)

The State Council will accelerate SOE reforms to stabilise China’s economic development, according to Zhang Yuzhuo, director at the State-owned Assets Supervision and Administration Commission. Zhang, speaking at the World Economic Forum, said SOEs can play an active role in strategic emerging industries and lead technological research. Authorities should implement policy to improve SOE market mechanisms and corporate governance and make effort to boost internationalisation of state firms through the Belt and Road Initiative, Zhang said. (Source: Securities Daily)

MNI Beijing Bureau | lewis.porylo@marketnews.com
MNI Beijing Bureau | lewis.porylo@marketnews.com

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