Economy
Central enterprises to be capped at 80 to 100
By Zhao Chunzhe (chinadaily.com.cn)
Updated: 2010-01-04 14:50
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The number of China's central state-owned enterprises will be limited to 80 to 100 by the end of 2010, the State-owned Assets Supervision and Administration Commission of the State Council (SASAC) announced.
Currently, the number of China's central enterprises is limited to 129, with China P&T Appliance and China Far East International Trading Corporation merged by bigger companies, Shanghai Security News reported today.
An average of ten enterprises has merged every year since the founding of SASAC.
An estimated 29 central enterprises will be reshuffled this year with an effect expected on the stock market.
