Reforms to rejuvenate State-owned enterprises

The State Council's latest guideline on reform of the colossal central State-owned enterprises marks a concrete step toward acceleration of the broader reform of State enterprises.

The guideline, released by China's Cabinet on Tuesday, is a quick answer to the call by President Xi Jinping early this month for SOE reform to press ahead so it can achieve substantial results as soon as possible.

It is also a continuity of the guideline on SOE reform made by the top Party and national leadership last September, which was widely seen as the top-level design for the country's management of State corporate assets.