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State capital optimization gets impetus


State capital optimization gets impetus
By ZHONG NAN |
China Daily |
Updated: 2021-02-24 08:56
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Role-model companies set to foster country s high-quality growth efforts
China will accelerate the optimization of State capital and industrial restructuring during the 14th Five-Year Plan period (2021-25) and create role-model companies to foster high-quality growth, senior government officials said on Tuesday.
The government will promote the strategic reorganization and professional integration of centrally administered State-owned enterprises and divest their noncore, nonadvantageous and noncompetitive businesses during this period, said Hao Peng, chairman of the State-owned Assets Supervision and Administration Commission of the State Council.
This will help deal with ineffective and low-performing assets, and speed up the digital and smart upgrading of China s SOEs, he said, adding the government ....

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