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State-owned enterprises should stick....>

CHINA PRESS
CHINA PRESS: State-owned enterprises should stick to supply-side structural
reform and improving their investment structure to deleverage, said Xiao Yaqing,
director of State-owned Assets Supervision and Administration Commission
(SASAC), according to China Securities Daily. 
  - The average asset-liability ratio of state-owned enterprises was 66% as of
May, down 0.4% year over year, according to the Daily. 
  - Xiao urged state-owned enterprises to implement debt-to-equity swap
programmes and mixed ownership reform to lower debts, said the Daily.

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