Region:
Asia
Category:
Economy

Progress in the transformation of China's SOEs

The share of private investment capital and a leading role in the market generates the climate of openness to accelerate Chinese economy

Chinese entrepreneurs were in favor of the participation of private capital investment in companies that manage the state. Participants in the sessions of the National People's Congress and the Political Consultative Conference Chinese People are now held in Beijing, have expressed confidence in the reforms to be implemented to boost the private sector. At the same time, they stressed the need to improve the business environment at national level.

Cui Genliang, NPC deputy, Chairman of the Board of Hengtong Group, said that "actively take part in the establishment of the joint property within state firms, and the restructuring of its assets in the possession of mutual values in mutual shareholding, and reciprocal investments. This creates large potential for development in the private sector. Chinese private firms should aim towards globalization. This will test their competitiveness and contribute to the solution of problems linked to the economic transformation in China. "

traducción: Belén Zapata