Beijing mounts new effort to rein in prodigal SOEs

Beijing recently unveiled guidelines to overhaul bloated state-owned enterprises amid China's slowest economic growth in 15 years. Sasac's influence to wane in the process.

Beijing mounts new effort to rein in prodigal SOEs

China recently unveiled long-awaited guidelines to overhaul bloated state-owned enterprises SOE, the latest move from Beijing to reinvigorate the sector amid the Chinese economy’s slowest growth in 15 years.

The guidelines, issued on September 13 by the ruling Communist Party and the State Council, call for more private participation and management changes in SOEs, with the goal of modernising and improving efficiencies.

“The SOE system should be more market-oriented and...

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