Deepen SOE reforms

A booming State sector, as a result of painful reforms in the later 1990s, has contributed significantly to China's remarkable growth over the past decade.

However, further reforms of State-owned enterprises have become more urgent than ever if the country is to speed up economic transformation while tackling income inequity effectively.

On Wednesday, the State Council delivered a report on the latest development and reform of SOEs at an ongoing session of the National People's Congress Standing Committee.