China's state-owned enterprises suffered huge losses during reforms in the 1990s. Photo: Reuters

China’s reform of SOEs ‘should not be seen as chance to profit from sale of state assets’

Sell-offs in 1990s saw officials benefit as SOEs suffered huge losses, but deepening reforms must not lead to state-owned economy’s control weakening, says Communist Party’s People's Daily

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China's state-owned enterprises suffered huge losses during reforms in the 1990s. Photo: Reuters
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