BEIJING: Chinese Premier Li Keqiang urged reforms on Sunday of inefficient state-owned enterprises as his government tries to restore confidence in its slowing economy, state media reported on Sunday.
State-owned enterprises (SOE) “are in urgent need of reforms as . . . poor management [has] resulted in declining profits,” Li said on Friday while presiding over a meeting on reform in the sector, according to the state-run news agency Xinhua.
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