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China set to overhaul bloated, inefficient state-run firms: sources

Plan will include consolidation and reduction of govt's role in SOEs by stripping ownership stakes from regulatory agency

Beijing

CHINA is preparing to overhaul its bloated and inefficient state-run companies to bolster an economy forecast to grow at the slowest pace in more than two decades, according to people familiar with the matter.

The proposal would include consolidation and reduction of the...

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