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China to turn all centrally owned giants into joint-stock firms by 2017

Wednesday, July 26, 2017 - 11:55

[BEIJING] China will turn all big companies owned by the central government into limited liability firms or joint-stock firms by the end of 2017, the cabinet said on Wednesday.

The restructuring is part reforms to help the state-owned giants to set up flexible and market-based operating mechanism, the cabinet said.


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