BEIJING (AP) - The government is relaxing its grip on state-owned assets as it reforms inefficient public companies but is struggling to sell assets without harming shareholders, a senior official said Tuesday.
Li Rongrong, director of the state-owned Asset Supervision and Administration Commission, said the government does not require majority ownership of state companies.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
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!