Chinese premier stresses quality, efficiency of SOEs

Chinese Premier Li Keqiang has called for efforts to improve the quality and efficiency of the state-owned enterprises (SOEs).

Li made the remarks in a written instruction to a meeting on such work on Friday.

SOEs have been working hard to ensure steady growth and employment, and thus underpinned stable economic performances, Li noted.

China is facing more challenges this year and SOEs should play an important role in economic and social development and focus on improving quality and efficiency, he said.

He called on the SOEs to take the lead in cultivating new growth dynamics and reforming the traditional growth dynamic, and working hard to seek efficiency through technology, reforms, restructuring, and better management.

He urged local governments and various departments to highlight SOE reform, improve mechanisms and provide favorable environment to turn SOEs into energetic and competitive market entities. Endi