BEIJING, April 1 (Xinhua): China will continue its efforts to free up state-owned enterprises (SOEs) from performing social functions to make them more competitive. So announced a teleconference held Thursday.
Historically, an SOE in China was a social unit, providing not only life-long employment to employees but also nearly all necessary social services to its workers and their families. These included housing, health care, child care, education, and grocery provision.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
