The reforms have

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Monks receive donation from residents and tourists in China's Hangzhou

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Key structure installed in HK-Zhuhai-Macao cross-sea bridge

Chinese naval fleet wraps up visit to Philippines

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Feature: COSCO SHIPPING -- A name card of China in Greece on Maritime Silk Road

Projections show Macron elected French president

Lives in Balizhuang Village of Zaoqiang County, north China

Roma beats AC Milan 4-1 in Italian Serie A soccer match

Chinese submersible explores turbidity current in South China Sea

Straw art gala held in E China's Shandong

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8th China Peking Opera art festival to be held in Nanjing

THE framework for China’s state-owned enterprises is “basically complete” following five years of aggressive restructuring, the top administrator for the state assets said yesterday.

The country is trying to streamline and modernize its bloated and debt-ridden state-owned sector and create conglomerates capable of competing globally.

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“The intensity of the central enterprises’ reorganization has been unprecedented,” Xiao Yaqing [url=http://www.columbusbluejacketsteamstore.com/adidas-pierre-luc-dubois-jersey]http://www.columbusbluejacketsteamstore.com/adidas-pierre-luc-dubois-jersey[/url] , chairman of the State-owned Assets Supervision and Administration Commission, said at a media briefing in Beijing.

The government has ordered a series of mergers between central government-controlled conglomerates over the five-year period, cutting them to 98 from 117 under the control of SASAC.

“We won’t use the increase or decrease in the number of conglomerates or the size of firms to influence our targets” in restructuring of SOEs [url=http://www.columbusbluejacketsteamstore.com/adidas-oliver-bjorkstrand-jersey]http://www.columbusbluejacketsteamstore.com/adidas-oliver-bjorkstrand-jersey[/url] , Xiao said.

“In the coming five years, we’ll focus more on boosting competitiveness and increasing quality of management of SOEs, especially in preserving and increasing value of state assets.”

China has also advanced “mixed owner.