Fo­rum to fo­cus on re­form of State-owned en­ter­prises

China Daily (Hong Kong) - - PAGE TWO -

A fo­rum on the re­form of State-owned en­ter­prises will be held in Guangzhou, Guang­dong prov­ince, on Wed­nes­day. In the first half of this year, en­ter­prises owned by the cen­tral govern­ment posted a bet­terthan-ex­pected com­bined net profit of 535 bil­lion yuan ($79 bil­lion), ac­cord­ing to the State-owned As­sets Su­per­vi­sion and Ad­min­is­tra­tion Com­mis­sion. It at­trib­uted the profit surge to re­forms, in­no­va­tion and curbs on cap­i­tal out­flows.

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