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China's 6.9 trillion yuan makeover of state-owned enterprises attracts sceptics

Reforming sprawling, inefficient state sector is likely to be a gradual process with progress coming in fits and starts

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To grasp the scale of the challenges facing Chinese leaders in revamping their sprawling and inefficient state-owned enterprises (SOEs), consider this: the combined revenue of 100-plus government-owned firms, spanning from train makers to banks and power companies, rivals Japan's entire US$4.1 trillion economy.

Shanghai

TO GRASP the scale of the challenges facing Chinese leaders in revamping their sprawling and inefficient state-owned enterprises (SOEs), consider this: the combined revenue of 100-plus government-owned firms, spanning from train makers to banks and power companies, rivals Japan's...

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