Skip to content
Subscriber Only

China Premier Calls for SOE Mergers, Disposal of ‘Zombie’ Firms

  • SOEs need to deepen reforms and focus on steady growth
  • Li's words follow guidelines released last week on SOE reforms

China’s Premier Li Keqiang is calling for state-owned enterprises to promote mergers and reorganizations to increase the efficiency of their operations, as the nation faces its slowest growth in 25 years.

State-owned enterprises need to deepen reforms with a focus on steady growth and increasing their competitiveness, Li said in a seminar which included senior officials on Friday. Officials from the State-owned Assets Supervision and Administration Commission and executives from companies including China Railway Construction Corp. were present, according to the statement.