Supervision over SOEs key to their competitiveness

At a recent conference on deepening reform, the central leadership initiated a new comprehensive system for supervision of State-owned companies. The move is widely considered a precursor to comprehensive reform of SOEs. Comments:

In China's grand strategies such as the Belt and Road Initiative, SOEs in fields such as transportation, energy, finance and telecommunications will play a pioneering role. Through the reform, the central leadership aims to make these SOEs more competitive and better expand them globally.

Jin Bei, an academician with the Chinese Academy of Social Sciences, June 4