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SOEs to gradually adjust structure

China is encouraging central State-owned enterprises to gradually adjust their industrial structure, the country's SOEs regulator said on Monday. The SOE sector has seen a gradual reduction in its share of the overall economy since 1978, but its competitiveness has been gaining strength, said Peng Huagang, spokesperson for the State-owned Assets Supervision and Administration Commission. SOEs will be phased out from some sectors while expanding their presence in others, but it may be difficult to define a clear share of the SOEs' presence in certain sectors, Peng pointed out.