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China reiterates significance of SOE reform

CCTV.com

04-11-2016 17:10 BJT

China will continue to drive its state-owned enterprise reform this year. That was the word from a government meeting chaired by Vice Premier Ma Kai over the weekend.

Supply-side reform, creativity, and supervision improvement were major topics for the meeting.

The meeting also agreed to establish a mechanism to encourage innovation and allow progress through trial and error. The government is keen to revitalize China’s large state-owned sector, and several SOEs are in pilot programs to test the waters.

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