SUBSCRIBERS
China state sector reform loses its way
Weak execution by local governments one of the reasons cited for standstill
Published Fri, Sep 23, 2016 · 09:50 PM
Beijing
THE reform of China's bloated and under-performing state-owned enterprises (SOEs) was high on the government's agenda when Xi Jinping assumed leadership of the Communist Party in late 2012, and became president a few months after that.
Today, four years down the road, reform seems to be at a standstill; behind all the talk, little has been done.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Banking & Finance
Great Eastern chairman appeals for patience as shareholders fume over share price ‘disaster’
S&P Global first-quarter profit beats estimates on strong product demand
Thai banks cut rate for some borrowers after push from PM
Money laundering accused who faces 22 charges to plead guilty on May 14
BNP Paribas beats estimates as lower costs offset trading slump
Japan brokerage Daiwa’s Q4 profit more than doubles as markets recover