BEIJING: China is ready to give continued, unswerving support for the reform and development of State-owned enterprises (SOEs) and private businesses, the state council’s executive meeting, chaired by Premier Li Keqiang, announced recently.
The meeting called for solid steps in implementing the three-year action plan for SOE reform, and to create a level-playing field for private firms.
SOEs need to make continued efforts to achieve higher quality and efficiency, and sharpen their core competitiveness so as to improve their role in underpinning the national economy, those at the meeting urged.
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