Last month China’s Vice Premier Liu said China will make the state economy ‘stronger, better and bigger’. Photo: AFP

China’s SOEs set for year of innovation reform in 2020, Sasac says

  • Sector to focus on developing advanced manufacturing industries next year, aiming to establish state-owned enterprises (SOEs) as world-class enterprises
  • China is expected to release a three-year action plan on SOE reform in the first quarter of next year
Topic |   China economy

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Last month China’s Vice Premier Liu said China will make the state economy ‘stronger, better and bigger’. Photo: AFP
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He Huifeng

He Huifeng

He Huifeng is an award-winning journalist and has been focusing on mainland news reporting since 2001 for several overseas media. She has gained an in-depth knowledge of political, economic and social issues on the mainland through years of close observation, which has given her a love for journalism in the field.

Frank Tang

Frank Tang

Frank Tang joined the SCMP in 2016 after a decade of China economy coverage and government policy analysis.