Guide ushers in reform of state-owned enterprises

More rational management system to be set up in the next five years China unveiled on Sept 13 a new stage in the reform of state-owned enterprises - part of a comprehensive strategy to speed up the nation's economic transition. The State Council, or Cabinet, is aiming for a "decisive success" in the next five years in shaping a more rational management system for SOEs and nurturing a more capable generation of SOE entrepreneurs. The State Council is aiming for a "decisive success" in shaping a more rational management system for SOEs such as oil giant Sinopec. Zhang Yi, head of the State Council's State-Owned Assets Supervision and Administration Commission, says the general theme of the reform is to enhance China's overall SOE efficiency.