China intends to reform the state-owned companies and to stimulate private investment

Almaty. September 14. Silkroadnews - The Chinese government has planned a major reform of large state-owned enterprises, informed the newspaper "Vedomosti".
"The aim of the plan is to reform the "zombie companies", as well as stimulate the interaction of public and private capital and public-private partnerships", - says the report of the Central Committee of the Communist Party of China and the State Council.
The reform involves the division of state-owned companies into two groups: one group includes companies focused on income generation, the other - the rest of the organization. State-owned companies will be upgraded, will be improved ways of managing state assets. The State Commission for Supervision and Asset Management (SASAC), founded in 2003 and managing activities of more than 100 large state-owned companies of the country, will also be reformed.
As a result, by 2020 in key areas of the economy, reform should be completed, and the state-owned companies will be strengthened by this time, will strengthen its ability to avoid the risk and increase its influence and competitiveness. The reform of state-owned companies can increase the growth rate of China's GDP by at least 0.33 percentage points a year, said in a study prepared by the experts of the State Council.
The government will also seek to attract private capital in various sectors - from energy and transport to telecommunications, said the regulators.