Tuesday, October 29, 2013
Anbound: Be Cautious to the Abolishment of SOEs' Administrative Ranks
ANBOUND
Accordingly, China's President Xi Jinping still demonstrates great determination in driving the economic reform. This is regardless of the obstacles faced by the leadership such as separation of the governmental functions and the SOEs’ management, and abolishment of the SOE administrative ranks. With cautious attitude toward the policy’s implementation, Anbound forecasted such profound change will trigger the rebound of relevant stakeholders. The policy implementation is likely to be altered even though the government had released the reform measures.