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Friday, 1 November 2013

China to push reform of state-owned enterprises-media

China is expected to discuss increased supervision for state-owned firms and the break-up of some monopolies to encourage competition as part of reform efforts at a key Communist Party meeting this month, local media reported on Friday.


Analysts have warned that control of key economic sectors, such as energy and telecoms, by China’s giant state-owned enterprises (SOEs) impedes growth and have recommended that their markets should be thrown open to competition.


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Reuters via CHINA US Focus http://feedproxy.google.com/~r/ChinaUsFocus/~3/POFSB69z8ak/

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