Stated-owned train-makers CNR and CSR were ordered by Beijing to merge to stop excessive competition. Photo: KyodoStated-owned train-makers CNR and CSR were ordered by Beijing to merge to stop excessive competition. Photo: Kyodo
Stated-owned train-makers CNR and CSR were ordered by Beijing to merge to stop excessive competition. Photo: Kyodo
Shirley Yam
Opinion

Opinion

Money Matters by Shirley Yam

China's SOE merger rumours a smoke screen to hide lack of real reform

Fifteen months after pledging to reform state enterprises, there is no sign of any policy paper and meaningful proposals have been shelved

Stated-owned train-makers CNR and CSR were ordered by Beijing to merge to stop excessive competition. Photo: KyodoStated-owned train-makers CNR and CSR were ordered by Beijing to merge to stop excessive competition. Photo: Kyodo
Stated-owned train-makers CNR and CSR were ordered by Beijing to merge to stop excessive competition. Photo: Kyodo
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