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China's SOE reform in slow lane as Party keeps its hands on the wheel

Thousands of SOEs still debt ridden, inefficient because political goals take priority over business ones

A billboard for China's upcoming Party Congress. To date, the SOEs' debt pile accounts for 120 per cent of China's GDP.


WHEN China announced with resolution that it was reforming its state-owned enterprises (SOEs) more than four years ago, many were hoping the government would finally address the sensitive issues of their vested interests, inefficiency and cheap miss...

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