During the last reform push, the government sold off or closed thousands of firms, laying off 30 million workers and cutting the number of state owned firms to about 110,000 from 260,000. Photo: SCMP During the last reform push, the government sold off or closed thousands of firms, laying off 30 million workers and cutting the number of state owned firms to about 110,000 from 260,000. Photo: SCMP
During the last reform push, the government sold off or closed thousands of firms, laying off 30 million workers and cutting the number of state owned firms to about 110,000 from 260,000. Photo: SCMP

China's reform of state-owned sector gains momentum

Progress hard to judge as plan is a mix of projects rather thana single blueprint

During the last reform push, the government sold off or closed thousands of firms, laying off 30 million workers and cutting the number of state owned firms to about 110,000 from 260,000. Photo: SCMP During the last reform push, the government sold off or closed thousands of firms, laying off 30 million workers and cutting the number of state owned firms to about 110,000 from 260,000. Photo: SCMP
During the last reform push, the government sold off or closed thousands of firms, laying off 30 million workers and cutting the number of state owned firms to about 110,000 from 260,000. Photo: SCMP
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