Xiao Yaqing, Chairman of the State-owned Assets Supervision and Administration Commission of the State Council, answers questions on March 12, 2019. [Photo/Xinhua]
Regulator wants SOEs to optimize their resources: Xiao Yaqing
China's State-owned assets regulator asked SOEs on Tuesday to take further steps in optimizing their resources.
"The goal, for them, is to better meet market demand and align with high-quality development that China is currently promoting," said Xiao Yaqing, Chairman of the State-owned Assets Supervision and Administration Commission.
Xiao said that although China has made great progress in SOEs' structural reforms in key sectors such as electricity, oil and gas and railways, the country still has room for further improvements, as SOEs currently have problems like competing in a homogeneous market.