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Xi Jinping calls for China’s state-owned enterprises to be ‘stronger and bigger’, despite US, EU opposition

Summary:
[unable to retrieve full-text content]An agency led by President Xi Jinping to advance institutional changes in China has approved a new plan to make state-owned enterprises “stronger, better and bigger”.Monday’s decision by the Central Commission for Comprehensive Reforms to “optimise and restructure the state economy layout” – a euphemism that generally points to government-led mergers and the consolidation of various state-owned companies, with ornamental participation by private investors – came after Beijing found its state…

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[unable to retrieve full-text content]
An agency led by President Xi Jinping to advance institutional changes in China has approved a new plan to make state-owned enterprises “stronger, better and bigger”.Monday’s decision by the Central Commission for Comprehensive Reforms to “optimise and restructure the state economy layout” – a euphemism that generally points to government-led mergers and the consolidation of various state-owned companies, with ornamental participation by private investors – came after Beijing found its state…

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