July 12, 2024 01:03 GMT
SOEs Quicken Restructuring
CHINA PRESS
MNI (Singapore)
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SOEs have increased restructuring activity by 120% y/y so far this year, China Securities Journal reported. Technology-based SOEs may lead the next M&A boom given policymakers’ call to develop “new quality productive forces”. Firms in chemical, electric power and public utilities were particularly active, and would enhance their competitiveness by integrating with “new economy” firms in internet software and medical equipment sectors, the Journal said, citing analysts.
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