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China economy 2016 in ten key phrases

Xinhua | Updated: 2017-01-03 06:57

SOE reform

China economy 2016 in ten key phrases

Since China published guidelines on its SOE reforms last year, steady progress has been made, including accelerating mergers and acquisitions, and freeing up closed industries to private capital.

From power supply to tourism, consolidation in numerous sectors has gathered pace this year. Chinese policymakers have promised to take substantial steps toward mixed-ownership in the electricity, oil, natural gas, railway, civil aviation, telecommunications and military industries in 2017.

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