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China unveils state-firm reform plans, expects results by 2020

State firms will be allowed to bring in "various investors" to help diversify their share ownership, and more state firms will be encouraged to restructure to pave the way for stock listings, Xinhua said.


CHINA issued some details on Sunday on plans to reform state-owned enterprises (SOEs), including the introduction of "mixed ownership" by bringing in private investment, and said it expected decisive results by 2020.

Reform of mammoth state-owned firms is one of China's