CHINA-NPC: ECONOMY
China's effort to improve efficiency at the 155,000 State-owned Enterprises (SOEs), which dominate crucial sectors of China's economy, found mention in the Premier Li Keqiang's Work Report to the NPC. It also reflected China's desire to strengthen control of lifeline industries, including energy, transportation and national security enterprises, while relaxing grips on non-essential sectors through stake sales and stock market listings. In his Work Report, Premier Li Keqiang outlined the "China-2025" strategy, which includes promoting machinery and communications equipment, automobiles, aircraft and electronics. The plan is part of a broader push by President Xi Jinping to raise the performance of China's state sector. |