China to transform all state-owned companies into corporations by end of 2017

China said on Wednesday (July 26) it would move to transform all state-owned companies into corporations by the end of this year, as part of efforts to reform the sclerotic industrial giants. China has pledged for years that it would take steps to reform the centrally-run businesses, which dominate crucial industries ranging from power and steel to aviation. But vested … http://bit.ly/2w6gU4x

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