Most of the major state-owned manufacturing companies are in industries considered the backbone of the economy, such as coal mining and oil processing. Photo: AFP

China’s state-owned firms are ready to welcome foreign stakeholders, says top state-asset watchdog

  • Xiao Yaqing, head of the state assets regulator, said foreign businesses were welcome to buy stakes in China’s industrial juggernauts
  • The push is part of mixed-ownership reforms aimed at making SEOs more competitive
Topic |   State-owned enterprises

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Most of the major state-owned manufacturing companies are in industries considered the backbone of the economy, such as coal mining and oil processing. Photo: AFP
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