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China: Local govts push for SOE reforms

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China's plans to reform its massive State-owned enterprises (SOEs) could see an increase in pace in the second half of the year, as more and more local governments have been pushing for hastened reforms, according to media reports. However, experts cautioned that the government should establish clear goals for SOE reforms, in order to let market forces play a bigger role in the companies' decision-making mechanism. Read more