Telecom firm China Unicom is one the companies taking part in the ownership reforms. Photo: Reuters

Forget privatisation, Xi has other big plans for bloated state firms

More private investment is designed to improve their efficiency, but critics say the measures will prop up the huge, bloated and protected firms, stifling competition

Topic |   State-owned enterprises

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Telecom firm China Unicom is one the companies taking part in the ownership reforms. Photo: Reuters
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