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Highlights of news conference of SASAC

chinadaily.com.cn | Updated: 2019-03-09 15:54
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Weng Jieming, deputy head of the State-owned Assets Supervision and Administration Commission, attends a press conference on reform and development of State-owned companies for the second session of the 13th National People's Congress (NPC) in Beijing, March 9, 2019. [Photo/Xinhua]

China wants to build world-class SOEs

China hopes to build a group of world-class, role-model, State-owned enterprises that lead in high quality development, said Weng Jieming, deputy head of the State-owned Assets Supervision and Administration Commission, on Saturday during a media conference.

In the past, regulators paid more attention to the scale of a SOE's revenue, but for the next stage, more attention will be placed on SOEs' return on areas such as net assets, revenue margin, investment on research and development, and added value, so that a SOE will not only be a leader in terms of revenue scale, but stands out for development quality and efficiency, he said.

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