China Seeks Foreign and Private Help in SOE Reform
China is encouraging more foreign and private investors to take part in reforming central government-controlled enterprises, the head of the state assets regulator said Tuesday.
Xiao Yaqing, director of the government’s State-owned Asset Supervision and Administration Commission (SASAC), held out the olive branch at a forum on the sidelines of the China International Import Expo (CIIE) in Shanghai. SASAC directly oversees the country’s nearly 100 centrally administered state-owned enterprises (SOEs), which had combined assets of 76.2 trillion yuan ($11 trillion) at the end of 2017.
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