China’s state-owned asset regulator announced growth targets for centrally-administered state companies after a weaker-than-expected first quarter performance was reported.
Jiang Jiemin, the newly appointed chairman of the State-owned Assets Supervision and Administration Commission (SASAC), said at a recent conference that securing stable growth is at the top of the central government’s agenda this year.
Jiang required central government-owned enterprises to achieve 8 percent value added growth this year, with a profit target of 10 percent.
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Cao Wenjiao via CHINA US Focus http://feedproxy.google.com/~r/ChinaUsFocus/~3/uFNdKDvgZp0/
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