China will accelerate study of three-year plan of SOE reforms

BEIJING (Reuters) – China will accelerate studying a three-year action plan on reforms of state-owned firms, the country’s cabinet said on Tuesday, citing a top-level government meeting held by the Vice Premier Liu He.

China will comprehensively boost the competitiveness of state-owned firms, as well as their ability to innovate and fend off risks, the state council said in a statement on its website.

(Reporting by Beijing Monitoring Desk; Editing by Christian Schmollinger)