China reforms - To partially privatize the state railway system

Author: Eamonn Sheridan | Category: News

China Railway Corporation is to spin off some of its businesses to allow private investors to participate

  • Its part of a new "mixed ownership reform
Government entities will still retain control, but whereas some businesses were completely off-limits to private investors, not any more.

  • The latest 'reforms' are not intended to 'weaken state-owned enterprises' or 'to seek a complete privatization'", Ji Xiaonan, the supervisory board chairman of big state companies at the State-Owned Asset Supervision and Administration Commission (SASAC) wrote in an article in People's Daily yesterday.