BEIJING Dec 16 Mixed-ownership reform is where
China's state-owned enterprises (SOE) can make breakthroughs on
reforms, a top level economic work conference said, as reported
by the official Xinhua news agency on Friday.
China will take substantial steps in mixed-ownership reform
in electricity, oil, natural gas, railway, civil aviation,
telecommunications and military industries, Xinhua said, citing
a statement issued upon the conclusion of the Central Economic
Mixed-ownership reform could result in companies being
partially privatised. Beijing has made reform of its huge,
uncompetitive SOEs a priority as weak global demand weighs on
economic growth and excess capacity and idle workers bleed what
precious resources companies have at their disposal.
China will also step up protection of property rights,
The country's top leaders started the annual conference to
map out economic and reform plans on Wednesday. The conference
is keenly watched by investors for clues on policy priorities
and economic targets for the year ahead.
(Reporting by Beijing Monitoring Desk; Editing by Jacqueline