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A new plan for reforming state-owned assets and state-owned enterprises has been implemented. From central SOEs to local entities, everyone is moving—this current cycle is worth keeping a close watch.
Starting in May, provinces including Shandong, Henan, and Hubei convened meetings of the Standing Committee of the provincial Party committees to study how to deepen reforms. In Yunnan’s Yuxi High-tech Zone, Jiangsu’s Pei County in Xuzhou, and Inner Mongolia’s Etuoke Banner, local officials conveyed and studied the plan.
On May 12, the Central State-Owned Enterprise China Electrical Equipment Group convened a meeting on deepening reforms and building first-class standards, calling on the entire group to thoroughly study the plan, and to formulate reform plans and accountability ledgers that align with real development conditions. Enterprises at all levels will plan the next round of reforms according to unified arrangements, to achieve a high-quality, high-standard start.