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SOEs Expect to Withdraw from Most Industrial Sectors
China's state-owned enterprises should withdraw from most of the industrial sectors while maintaining its control over a few sectors, according to a research report by the National Bureau of Statistics.
According to the report carried in Wednesday's China Securities, the state should withdraw from 146 of the 196 industrial departments, including garments, textiles, food, beverages, daily consumer goods, and electronics items.
The state should relinquish its monopoly but maintain a certain level of control over 35 sectors, including the exploitation of coal, iron and other major mineral resources, space aviation, new materials, computer, biomedicine, electronics, petrochemicals and automobile, the report said.
State monopoly should be maintained in 15 sectors, including military industries and electricity, it added.
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