China‘s State-owned Assets … Will Speed up Comprehensively in the Second Half of The Year
The State-owned Assets Supervision and Administration Commission of the State Council will focus on the supply-side structural reform, focus on advanced manufacturing industries and scientific and technological innovation, and significantly push forward the restructuring work in the fields of transmission and electric fitting supply manufacturing, modern logistics, strategic resources, grain reserve processing and offshore equipment. It is understood that the preliminary work of merging and restructuring in some fields has been completed, and it is expected that there will be three paths of merging and restructuring of central enterprises in the second half of the year. Central enterprises competing in the same industry will merge like terms to improve market concentration; central enterprises in different parts of the industrial chain will be integrated to shape the advantages of the industrial chain; and central enterprises operating in mixed industries will position themselves in different niche markets to achieve specialized division of labor.
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