SOE Reform on Track and a Rare Soccer Win: Eye on Chinese Media

State-owned enterprise reform is well underway, according to the Economic Information Daily, a newspaper affiliated with the official Xinhua News Agency. Provinces and cities including Shanghai, Guangdong, Chongqing, Sichuan and Shandong are making plans for mergers, acquisitions and consolidation, according to the report, which cites unnamed officials. China is seeking to revamp its inefficient state sector while retaining control of dominant companies in crucial industries.

Elsewhere:

  • The government is making efforts to improve transparency, according to People’s Daily, the Communist Party’s flagship newspaper. Authorities are required to publish more information such as fiscal expenditure, food prices and water pollution more frequently and include interpretations of the numbers.
  • Cities have rolled out new measures to curb smog, according to Xinhua. Some heavy polluters’ information will be sent to the securities regulator and the central bank, according to the report. Regular "Eye on Chinese Media" readers will remember Premier Li Keqiang’s goal to "make the skies blue again."
  • What dominated Chinese media last night? Soccer of course. China’s national team beat South Korea, a rare win for the world’s most populous nation. The backdrop: China-South Korean tensions over a missile defense system and President Xi Jinping’s goal to make China a football powerhouse.

— With assistance by Xiaoqing Pi

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