ecns [expanded by feedex.net]
ecns
No massive layoffs expected in SOE reform: official
http://www.ecns.cn/2016/03-12/202656.shtml
Mar 12th 2016, 16:40
Saturday Mar 12, 2016
China will not experience another upsurge in layoffs like the one seen in the 1990s during the ongoing reform to revitalize inefficient and overstaffed state-owned enterprises (SOE), a senior official said Saturday. [Special coverage]
"Protecting the interests of SOE employees will be a major task in the next step," Xiao Yaqing, head of the State-owned Assets Supervision and Administration Commission, said at a press conference on the sidelines of the annual parliamentary session.
The reform will mainly be pushed forward through mergers and acquisitions (M&A), instead of bankruptcies, Xiao said.
Compared to the situation around two decades ago, the SOEs have more financial resources and capable executives to address the problem, he added.
China is propelling the reform by allowing in private investment and encouraging M&A in a bid to revive its hundreds of thousands of SOEs, many of which have become ossified with declining profitability due to a lack of competition.
¡¡¡¡
Chinese economists pushes for SOE reformChina welcomes foreign capital M&As in SOE reform: MOCChina to boost SOE reform pilotsMassive layoffs loom over SME downsizing, SOE restructuring: expert2015-11-10Central authority finishes SOE inspections2015-10-23
¹¤½³¾«ÉñLeaning ancient pagoda calls for reinforcementChina, Russia support resumption of Six-Party Talks, promise more effortsAnti-graft watchdog to start new SkynetChina needs bigger aircraft to meet demand: Boeing
No massive layoffs expected in SOE reform: official AlphaGo takes 3-0 lead in historic match with Lee Sedol Chinese adoption center denies receiving application from same-sex couple Lee Sedol starts 3rd Go match with AlphaGo after 2 losses UN chief meets with Korean victim of Japanese wartime sexual slavery
You are receiving this email because you subscribed to this feed at https://blogtrottr.com
If you no longer wish to receive these emails, you can unsubscribe here:
https://blogtrottr.com/unsubscribe/qhG/Zc7fXt
No comments:
Post a Comment