Mixed-ownership reforms strengthen steel giant Baowu

State-owned China Baowu Steel Group's general manager said the nation's largest steelmaker has benefited from mixed ownership reforms, and will continue to introduce private and foreign investors into all of its subsidiaries.

"Over the past few years, Baowu has greatly enhanced its competitiveness through mixed ownership reform. This is the direction we are going to stick with," said Chen Derong, general manager of Baowu Group.

"Mixed ownership is the key to enhancing Baowu's vitality, competitiveness and capability for risk control."