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China Vows to Push SOE Reform

CHINA PRESS
MNI (Sydney)

China will strive to complete more than 70% of its three-year plan for reforming state-owned companies by the end of the year, according to a government statement following a meeting chaired by Vice Premier Liu He. SOEs should focus on improving efficiency, strengthen their innovation incentives so they can play a leading role in achieving technological self-reliance, as well as reduce corporate management levels and tighten supervision and shareholder responsibilities, the statement read.

MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com

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