SOE of­fi­cials to be an­swer­able

China Daily (USA) - - P LICY REVIEW -

The State Coun­cil is­sued a guid­ing doc­u­ment that re­quires hold­ing an­swer­able of­fi­cials of State-owned En­ter­prises who be­have il­le­gally and in­duce losses to the SOEs they serve. A reg­u­la­tory sys­tem is ex­pected to be es­tab­lished by 2017 and im­proved by 2020. The doc­u­ment says that em­pha­sis will be laid on key sec­tors such as pur­chas­ing and merg­ing of en­ter­prises and the bid­ding of con­struc­tion pro­grams.

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