Source: CCTV.com

03-04-2009 11:09

Special Report:   2009 NPC & CPPCC Sessions

China will set up an asset management firms this year to speed the restructuring of smaller state-owned companies.

China will set up an asset management firms this year to speed the restructuring of smaller state-owned companies.
China will set up an asset management firms
this year to speed the restructuring of 
smaller state-owned companies.

Vice Minister in charge of the State-owned Assets Supervision and Administration Commission Li Wei, told the CPPCC session China aims to cut the number of state-owned enterprises to between 80 and 100 by the end of next year.

The businesses involved and how the scheme will work are still under discussion.

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Editor:Qin Yongjing