Monopolized State Sectors to Accelerate Opening to Private Capital

(Beijing) — As China opens up its huge state-owned monopolies to private investment, the first entry points are likely to be in sales, such as automobile gas stations and power distribution facilities, or new lines of business, official media reported Thursday.

Beijing hopes to improve the efficiency and competitiveness of lumbering state-owned enterprises (SOEs) by allowing private capital to invest in the sector through an initiative known as mixed-ownership reform.