Future of SOEs not in doubt, protection of private economy 'unswerving', says Xi

"Such statements as 'there should be no State-owned enterprises' and 'we should have smaller-scale State-owned enterprises' are wrong and slanted," Xi said while inspecting the China National Petroleum Corporation (CNPC) Liaoyang Petrochemical Company.

The principle of having Communist Party of China's guidance of State-owned enterprises must be consistently followed, he added