| Tools: Save | Print | " target="_blank" class="style1">E-mail | Most Read |
| China to Strengthen Reform of SOEs |
| Adjust font size: |
|
Chinese Vice-Premier Huang Ju said Monday China will strengthen the reform of state-owned enterprises and quicken the pace of restructuring the state-owned sector. In his written instructions to a national meeting held by the State-owned Assets Supervision and Administration Commission of the State Council, the vice-premier said greater efforts should be made to adopt share-holding reform for innovative systems and mechanisms. The vice-premier said China must quicken the pace of cultivating a number of major companies with self-developed intellectual property rights, renowned brands, and international competitiveness through the restructuring. That will help optimize the distribution of the state-owned resources and enable the state-owned sectors to play their leading role in the country's economic development, said the vice-premier. He called for efforts to improve the country's state-owned asset management system to prevent the losses of the state assets. Huang spoke highly of the progress China had made in the reform of state-owned enterprises and state-owned asset management mechanism in the past year. China's state-owned economy plays a leading role in the key sectors of the national economy despite the rapid development of private and overseas-funded economies since 1978 when China began to reform and open to the outside world. The non-state economy in China has accounted for about one third of the national economy and state-owned assets have begun to withdraw step by step from some competitive sectors and improve its influence and competitiveness in essential sectors. (Xinhua News Agency January 24, 2006) |
| Tools: Save | Print | " target="_blank" class="style1">E-mail | Most Read |
 |
| Related Stories |
|
