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Home >> Business
UPDATED: 14:23, December 19, 2005
China to promote reform of major state-owned enterprises
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China will promote the reform of the major state-owned enterprises next year, said a senior official of state-owned asset watchdog here Sunday.

Addressing a forum on the development of enterprises held here Sunday, Shao Ning, deputy director of the State-owned Asset Supervision and Administration Commission of the State Council, said so far, nearly 90 percent of China's state-owned enterprises carried out reform, which promoted reemployment and building of social security system.

Shao said China will improve rules for the reform of the state-owned enterprises, restructure the state-owned enterprises by reducing redundant employees and promote the reform of the major state-owned enterprises next year.

Source: Xinhua


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