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China to further SOE reform, says SASAC

Business

2019-03-09 15:49

China's stateassets supervision and administration authorities at all levels have advancedthe state-owned enterprise (SOE) reform to a deeper level, and the mixed-ownership reform was also activelypromoted, Xiao Yaqing, minister of the State-owned Assets Supervision andAdministration Commission (SASAC) said on Saturday.

ThisJanuary and February, centrally-administered SOEs saw a 3.9-percent increase in revenue and a 15.3-percent profit growth, accordingto Xiao.