China's SASAC fights its corner

State assets supervision and administration commission aims to wrest budget control from MOF.

Rumours are sweeping Beijing that SASAC, the entity set up last year to oversee the reform of state-owned enterprises, is reportedly tussling with the powerful Ministry of Finance over who draws up its operational budget.

At the end of a recent conference to draw up SASAC's 2005 budget, the agency is said to have circulated a proposal that it should draw up its operational budget itself rather than let the MOF do it. Observers have interpreted this as a clear bureaucratic turf battle between the two giant entities.

Power to set its own budget would herald a new level of autonomy for SASAC, which...

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