Reform of State-owned Enterprises

The reform of state-owned enterprises has always been the key link of China's economic restructuring. Since the initiation of reform and opening-up, the Chinese government has made various experiments, trying every means to solve the problem of long-term, extensive losses incurred by state-owned enterprises. According to the follow-up investigations made by the State Statistics Bureau of 2,473 state-owned enterprises that started reform on a trial basis in 1994, by the end of 1999, 2,016 of them had been changed into companies in accordance with the Company Law.