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He said the SOE overhaul has two dimensions

 
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reba520
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BerichtGeplaatst: 25-09-2018 09:30:52    Onderwerp: He said the SOE overhaul has two dimensions Reageren met citaat

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BEIJING, March 10 (Xinhua) -- Chinese political advisors put their heads together on Thursday to offer prescriptions for the country's slowing economy, appealing for deepened reform and stricter financial oversight.


Fifteen members of the National Committee of the Chinese People's Political Consultative Conference (CPPCC) addressed a plenary meeting at the Great Hall of the People.


Renowned economist Li Yining told fellow advisors that China has made supply-side structural reform a new economic strategy.


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While stimulation on the demand side tends to be short-lived, Chinese leaders hope supply-side reform can generate sustainable and quality growth.


Li highlighted an overhaul of state-owned enterprises (SOEs) as a top priority for supply-side structural reform.


He said the SOE overhaul has two dimensions. One is that authorities in charge of state assets should only be responsible for maintaining and increasing the value of state assets, and allocating well such assets. The other is that SOEs should be dealt with differently on the basis of industries they belong to.


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