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China state sector reform loses its way

Weak execution by local governments one of the reasons cited for standstill

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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.

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,...

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