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World media reaction on China’s SOE reform — Business Insider

Updated: Sep 15,2015 3:26 PM

The shake-up is expected to be the biggest of its kind in more than a decade and once it’s done two new Temasek-style sets of companies will channel funds to SOEs and pressure them to turn a profit.

In return, SOEs will be able to make more of their own business decisions and their boards of directors will be able to hire and fire managers.

— Business Insider