Expert: SOE reform more market-oriented

China’s government has unveiled a guideline to deepen reforms of state-owned enterprises.

A leading expert at China Center for International Economic Exchanges (CCIEE) says this round of SOE reform is more market-oriented, and it is expected to yield big results with relatively little hardship by invigorating the whole economy.

However, the reform process won’t be easy.

Having enjoyed a dominant market position and favorable situations such as easier access to loans, many SOE heads will understandably be unenthusiastic about allowing the winds of change into their organizations.

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