China's SOE reform gathers pace

Sinopharm and China National Building Materials are next in line for further privatization as Beijing revamps its debt-laden state sector.

China's SOE reform gathers pace
President Xi Jinping spearheads reform

Sinopharm and China National Building Materials CNBM are next in line for further privatisation, Chinese officials said on Tuesday, as the country pressed ahead with sweeping reforms of its bloated state-sector.

In all, six companies were singled out as potential test cases for the rest of the Chinese economy, including State Development Investment Corp SDIC Cofco China Energy Conservation and Environmental Protection CECEP and Xinxing Cathay International. 

China’s Communist Party,...

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