Chinese state firms vouch for expansion
At the opening of the congress on Thursday, Hu stressed the importance of continued one-party rule and how it was threatened by corruption, a reference to the downfall of one-time high-flying politician Bo Xilai. He also suggested a further strengthening of the state in strategic sectors, with the possibility of more market-oriented competition in other sectors.
“The direction of the SOE (state-owned enterprise) reform should be: SOEs must be more market-oriented and they must keep strengthening their vitality and influence,” Wang Yong, the head of a commission on supervising and administering state-owned assets, told reporters. “Scholars may have different views, but that’s the development need of the enterprises and the state.”
Hu had said on Thursday that Beijing must unwaveringly consolidate and develop the public sector of the economy. “(We should) invest more state capital in major industries in key fields that comprise the lifeline of the economy and are vital to national security.”
But outgoing Premier Wen Jiabao vowed in a speech earlier this year that Beijing would push ahead with monopoly-busting. “We must move ahead with reform of
Be the first to comment.
