SOE reform key to northeast region's revival

The government is determined to rejuvenate the northeastern region. And to achieve its goal, the government has to focus on the reform of State-owned enterprises, because that is the key to the economic transformation of lackluster old industrial bases.

The reform of SOEs, which comprise a large proportion of the State sector, is closely related to the region's structural adjustments, economic transformation and upgrading, especially when it comes to the relationship between the government and the market.

Since SOEs account for a large part of the Northeast China's manufacturing sector, the region's revival is impossible without the revival of the manufacturing sector. So the transformation and upgrading of the sector has to be expedited.