Vows to reform SOEs must be followed by right action

Amid clamors over an economic "hard landing", the central government just unveiled a new formula for further reform of State-owned enterprises.

This is a logical move given the current state of our economy and the strategic significance attached to the State sector.

The new formula is touted as an overriding "top-level design" with special focus on management mechanisms. This is more than appropriate, because problems abound at that level.