By the end of 2021, China almost completed its corporate system reform, said a Chinese official from the State-owned Assets Supervision and Administration Commission (SASAC) of the State Council on Monday.
China has focused its state sector reforms on rare-earth and coal mining consolidation this year, as a three-year action plan for refashioning state-owned enterprises (SOEs) has been 70 percent completed and is destined to be basically accomplished before next year’s 20th Communist Party of China (CPC) National Congress, according to the state assets regulator. With .
China has launched a new state-owned logistics entity China Logistics Group by combining the logistics assets of four companies, already runs logistics hubs in 30 Chinese.