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China’s SOE reforms must encourage competition and provide subsidy transparency, state economist says

Summary:
[unable to retrieve full-text content]China needs to make substantial reforms to its army of state-owned enterprises (SOEs) by introducing more competition and building a government subsidy system that is transparent and in line with international best practices, according to a prominent state economist.State firms are widely expected to play a bigger role in the “dual circulation” strategy introduced by President Xi Jinping in May, with Chinese Communist Party leaders due to meet later this month to start to flesh out the policy…

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[unable to retrieve full-text content]
China needs to make substantial reforms to its army of state-owned enterprises (SOEs) by introducing more competition and building a government subsidy system that is transparent and in line with international best practices, according to a prominent state economist.State firms are widely expected to play a bigger role in the “dual circulation” strategy introduced by President Xi Jinping in May, with Chinese Communist Party leaders due to meet later this month to start to flesh out the policy…

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