The Great SOE Turnaround
By Zhong Nan | China Daily | Updated: 2017-10-30 07:47
Reforms, financial deleverage, M&As, tech focus help revive government firms' fortunes
Last week, the 19th National Congress of the Communist Party of China learnt that since the last congress in 2012, as many as 34 central State-owned enterprises, or SOEs, have been restructured, with their overall number falling to 98 from 117.
An outstanding feature of the ongoing SOE reform has been the sustained drive to improve the companies' financials, mainly through sophisticated debt management.
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