China rolls out new measures to boost reform and development of SOEs and private businesses


By Lu Yun
  • World
  • Friday, 18 Sep 2020

BEIJING, Sept. 17 (Xinhua) -- China will take solid steps in implementing the three-year action plan for SOE reform, and make more efforts to create a level playing field for private firms, the State Council's executive meeting chaired by Premier Li Keqiang decided on Thursday.

Li stressed that SOEs should focus on their main responsibility and business, develop sound market-oriented operating mechanisms, and increase core competitiveness. At the same time, a level playing field for the private sector shall be created to boost their confidence in development.

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