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Home / Metal News / China to Push for Restructuring in Steel Sector and Central SOEs

China to Push for Restructuring in Steel Sector and Central SOEs

iconAug 17, 2017 12:00
Source:SMM
The meeting over restructuring between China Hi-Tech Group Corporation and China National Machinery Industry Corporation was recently held in Beijing.

SHANGHAI, Aug. 17 (SMM) – The meeting over restructuring between China Hi-Tech Group Corporation and China National Machinery Industry Corporation was recently held in Beijing.

So far, the number of central state-owned enterprises (SOEs) has dropped to 101. According to State-owned Assets Supervision and Administration Commission (SASAC)’s plan, the number of central SOEs will be downsized further to within 100 this year. 

An official from the SASAC, China will push for restructuring in coal power, heavy machinery and steel sectors as well as among central SOEs.    

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.
 

Steel Restructuring
Central SOEs Restructuring

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