SOEs' reform in northeast to take time, says head of regulator


It will take time for the Stated-owned enterprises (SOEs) to complete the reform in the country's northeast region, said the head of the country's SOE regulator on Tuesday.
"The country values highly the enterprises in Northeast China, but Rome wasn't built in one day," said Xiao Yaqing, head of the State-owned Assets Supervision and Administration Commission (SASAC) on the sidelines of the first session of the 13th National People’s Congress.
"The SOEs in the region are sparing no effort in the reforming, and we have seen profound changes in those SOEs, such as Shenyang Machine Tool Co Ltd and Jilin Chemical Group Co Ltd.
"Just like any other SOEs, the reform will take time for the industry and the market to adjust, and it needs support from companies and enterprises of all different ownership," he added.
- Bocholt group visits Wuxi to honor friendship
- Domestic tourism spots receive nearly 5 billion visits in first three quarters
- Vibrant autumn colors attract tourists to Changchun park
- Shanghai's first exhibition for elderly learning highlights China's educational innovation
- New IP protection center to foster innovation in Greater Bay Area
- Respect the power and beauty of Qomolangma