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SOEs step up pace of mergers and reorganizations
BY 2015-09-10 09:48:29

Xu Shaoshi, head of the National Development and Reform Commission,take part in the Summer Davos 2015.

State-owned enterprises have stepped up the pace of mergers and reorganizations in the past few months to counter downward pressures in the economy, Xu Shaoshi, head of the National Development and Reform Commission, said on Wednesday.

During the first six months, mergers and reorganizations of State-owned enterprises grew by 26 percent from a year ago in terms of value, said Xu.

The long-awaited documents on State-owned enterprise reform will be launched gradually, said Xu. The government has worked on a host of SOE reform policies known as "1 plus N" plans, which refer to overall guidelines and detailed support policies.

The SOE reform blueprint has been approved by the central authorities, the State-owned Assets Supervision and Administration Commission said on Monday, but the regulator has yet to specify when it will be released.

(Editor:Grace) (From:China Daily)

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