At a pivotal gathering of the National Peoples Congress Standing Committee in Beijing, senior officials from the Chinese mainland government reaffirmed their commitment to deepening state-owned enterprise (SOE) and asset reforms.
Vice Premier Zhang Guoqing, flanked by cabinet members from key ministries and commissions, highlighted how these reforms have boosted SOE vitality, improved efficiency, and underpinned stable operations, especially in critical times.
The lawmakers, led by NPC Standing Committee Chairman Zhao Leji, reviewed this years report on state-owned assets in non-financial enterprises and initiated a joint inquiry into reform outcomes, challenges, and next steps.
Addressing queries on recent achievements, Zhang underscored that optimized SOE layouts and strengthened regulatory systems have been central to driving high-quality development. He pledged ongoing efforts to refine the state-owned sectors structure and amplify its strategic support role in the economy.
Presiding over the meeting, NPC Standing Committee Vice Chairman Xiao Jie urged the State Council and related departments to rigorously study legislators recommendations and present follow-up action plans to the NPC Standing Committee in due course.
As global markets evolve, these reforms signal the Chinese mainlands push to modernize its economic pillars, offering insights for international business and policy watchers on how major powers recalibrate public-sector giants for the 21st century.
Reference(s):
Chinese govt vows to advance state-owned enterprise, asset reform
cgtn.com
