The State Council’s long-awaited framework for reforming China’s state-owned enterprises (SOEs) marks limited progress on areas of SOE reform such as mixed ownership, asset management, and SOE classification. Some have reported that reforms are “tepid” because they do not make a bolder move towards privatization or a stronger market orientation for SOEs, in line with the goals laid out at the November 2013 Third Plenum. However, the content of the plan—known as the Opinions on...
China Market Intelligence
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