China state sector reform loses its way
Weak execution by local governments one of the reasons cited for standstill
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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, reform seems to be at a standstill; behind all the talk, little has been done.
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