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China to convert all giant state companies into joint-stock firms by end-2017

It hopes to revive the bloated and debt-ridden state-owned sector and create "bigger and stronger" conglomerates

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All big Chinese companies owned by the central government will be registered as limited liability companies or joint-stock firms by the end of the year, as Beijing moves to make its state-owned giants more nimble, efficient and modern.

Beijing

ALL big Chinese companies owned by the central government will be registered as limited liability companies or joint-stock firms by the end of the year, as Beijing moves to make its state-owned giants more nimble, efficient and modern.

About 90 per cent of China's state-

sentifi.com

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