China to strengthen reform of state-owned enterprises
Updated: 2006-01-24 09:00
Chinese Vice-Premier Huang Ju said Monday China will strengthen the reform of
state-owned enterprises and quicken the pace of restructuring the state-owned
In his written instructions to a national meeting held by the State-owned
Assets Supervision and Administration Commission of the State Council, the
vice-premier said greater efforts should be made to adopt share-holding reform
for innovative systems and mechanisms.
The vice-premier said China must quicken the pace of cultivating a number of
major companies with self-developed intellectual property rights, renowned
brands, and international competitiveness through the restructuring.
That will help optimize the distribution of the state-owned resources and
enable the state-owned sectors to play their leading role in the country's
economic development, said the vice-premier.
He called for efforts to improve the country's state-owned asset management
system to prevent the losses of the state assets.
Huang spoke highly of the progress China had made in the reform of
state-owned enterprises and state-owned asset management mechanism in the past
China's state-owned economy plays a leading role in the key sectors of the
national economy despite the rapid development of private and overseas-funded
economies since 1978 when China began to reform and open to the outside world.
The non-state economy in China has accounted for about one third of the
national economy and state-owned assets have begun to withdraw step by step from
some competitive sectors and improve its influence and competitiveness in