You are here

China issues plans for state investments, speeding up disposals

Thursday, January 12, 2017 - 11:45

[BEIJING] China's State Council issued guidelines to help optimize state investments to shore up its bloated state-owned enterprises amid an economic slowdown.

State capital investments will focus on national security, public welfare, strategic industries, major infrastructure and companies with "core competitive advantages," the nation's cabinet said in guidelines on government allocation of resources published late Wednesday.

The State Council pledged to clear obstacles for reforming state-owned enterprises, promote securitization of government holdings and accelerate the disposal of inefficient assets, according to the guidelines.

BLOOMBERG

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom