Central SOEs target reform in five key areas

Private and foreign capital encouraged to participate in boosting efficiency

Centrally administered SOEs have contributed greatly to the country's economic growth in the past several decades. Today, the reform and restructuring of central SOEs have also been placed on top of the government agenda, aiming to boost their efficiency along with supply-side structural reform.

The State Council's executive meeting on Sept 27, presided over by Premier Li Keqiang, decided to further push forward mixed-ownership reform and the restructuring of central SOEs in five areas: manufacturing, coal mining, electricity, telecommunications, as well as chemical engineering, according to a statement released after the meeting.