China on Sunday unveiled long-awaited guidelines on the reform of its inefficient state-owned enterprise sector, including plans for share sales and mergers. Reforming the sector is one of the mainland’s most pressing tasks as growth has been slowing down in the world’s second-largest economy. The concept of “mixed ownership” will be introduced and private investment brought in. But can the government accept being a minority stakeholder or will they insist on keeping a golden share?
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