State-owned Enterprises Should Continue To Eliminate Excess Capacity In Industries Such As Steel


seamless steel tubeAccording to media reports, a national symposium on soe reform was held in Beijing on oct 9. Meeting requirements, pay special attention to the supply-side structural reform. State-owned enterprises should continue to eliminate excess production capacity in steel, coal and coal power industries and speed up the digestion of all kinds of historical arrears and remaining problems. We will accelerate structural adjustment, transformation and upgrading, intensify independent innovation, and accelerate high-quality development. We need to take multiple measures to reduce leverage and liabilities, and resolve all kinds of financial risks.