Reforms to make SOEs stronger

State-owned firms will be urged to join hands with foreign companies for greater reach in global markets

China will boost the efficiency of its State-owned enterprises with market-oriented principles in the next round of the nation's opening-up so they can better compete in overseas markets, the head of the State-owned assets regulator said on Wednesday.

Xiao Yaqing, chairman of the State-owned Assets Supervision and Administration Commission, said that China will continue to optimize the operation of SOEs, boost their strength, and encourage them to enhance their cooperation with foreign firms in the global marketplace.