Restructuring of Central-owned Firms Fast-tracked
Published:
2009-07-22
By the end of 2010, the number of China's state-owned firms under the control of the central government will be reduced to between 80 and 100 in accordance with a circular on the readjustment of the arrangement of China's state-owned economy, issued by the State Council. This means that at least 36 of the existing centrally-controlled SOE will be divested over the coming 17 months.
Source
Securities Journal
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